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The winning numbers for the $650 million Mega Millions jackpot are set to be drawn Tuesday night. This is only the seventh time in the history of the game that the grand prize has reached such an amount.
The $650 million prize up for grabs on Tuesday night would be for a sole winner choosing to be paid through an annuity, with annual payments over 30 years. Jackpot winners almost always opt for a lump sum payment, which for tonight’s drawing would be an estimated $308.6 million.
The potential jackpot is the seventh-largest in the game and the 18th-largest prize in U.S. lottery history.
The largest Mega Millions jackpot ever, worth $1.602 billion, was sold on Aug. 8, 2023, in Florida.
Lottery jackpots grow so large because the odds of winning are so small. For Mega Millions, the odds of winning the jackpot are about 1 in 302.6 million.
Winners also would be subject to federal taxes, and many states also tax lottery winnings.
Mega Millions drawings are held every Tuesday and Friday at 11 p.m. ET.
Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.
“The lesson didn’t really go according to plan.” Math professor Nicholas Kapoor bought a Powerball ticket to demonstrate how improbable it is to win the lottery – and then he won $100,000. Here’s what he wants you to know about playing the Powerball.
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