Who wants to be a billionaire? Mega Millions drawing tonight

Oscar PerryOct 25, 2018

Mega Millions is a lottery game played in 44 American states as well as Washington, D.C., and the U.S. Virgin Islands.

What are the odds of winning?

The odds of winning the jackpot are about one in 302 million but, with so many tickets being purchased, the likelihood of rollover becomes increasingly slim. Players have to match five numbers for the million dollar prize.

What's the difference between the games?

"Mega Millions has already entered historic territory, but it's truly astounding to think that now the jackpot has reached an all-time" record, said Gordon Medenica, lead director of the Mega Millions Group and head of Maryland's lottery.

For Powerball, players pick five numbers and a Powerball number between one and 26.

Weed said he would use the money to ensure that his family is taken care of, pay off debts, buy property and fund a political super PAC supporting left-wing causes. Officials don't have an estimate on how many tickets would be sold for that potential drawing, and they haven't said how large the estimated prize would be. It was the 25th drawing in a row that did not result in a victor. None of these states tax lottery winnings.

For winning tickets between $5,001 and $25,000, tickets can be redeemed at the lottery's Baltimore office, at the MGM National Harbor casino or Live Casino & Hotel in Hanover.

Prizes of any value can also be claimed by mail. "But I can assure you this is the most we have ever sold".

The victor can also opt for a cash prize of more than $354m (£271m), from which the federal government will take 25% right away, and more later.

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The Mega Millions grand prize has rolled over again, and the payout for Tuesday night's drawing is now $1.6 billion, with a lump sum payout of $904 million.

For winners of $5,000 or more, all states automatically deduct 24 percent in federal taxes, but state taxes vary widely.

Jones has heard the stories about heartache brought on by big lottery wins.

Meanwhile, some states that allow lotteries crush their competition with strict gambling regulations.

Should I seek legal or financial advice if I win?

She said prize recipients should create a trust and hire a team of lawyers, financial advisers and security.

When are the next drawings?

The drawing will be held at 11 p.m. EDT (0300 GMT Wednesday).

Direct ticket sales aren't the only way the government profits from the lottery system.

Since there was no victor in Saturday's drawing, the Powerball jackpot is now at $620 million.

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