– 2021 is off to an exciting start as the Mega Millions and Powerball jackpots have climbed to their highest combined totals since 2018! Make sure to get your tickets now for a. Just two days after the incredible $731.1 million Powerball jackpot was won this January, one Mega Millions ticket matched the numbers needed to. Mega Millions jackpot jumps to $970 million and Powerball prize is $730 million. Avoid these mistakes if you win Published Wed, Jan 20 2021 8:59 AM EST Updated Wed, Jan 20 2021 5:52 PM EST. Before each Mega Millions drawing on Tuesday and Friday nights, the Megaplier is drawn. From a pool of 15 balls, five are marked with 2X, six with 3X, three with 4X and one with 5X. This mix results in the following odds for each of the Megaplier numbers and their associated prize values.
- Powerball And Mega Millions Drawings
- Powerball And Mega Millions Results
- Powerball And Mega Million Amount
Mega Millions Lottery
Mega Millions is the second-largest lottery in the US. It is just behind the Powerball. In this lottery, you can win millions overnight by sitting at home. It had started in 2002, and since then, it has become popular in the US. Mega Millions lottery has the starting jackpot prize of $40 Million. It has two drums lottery system. In which, the first drum contains numbers from 1 to 70, And in the second drum, it has numbers from 1 to 25. So to play the game, you have to choose five numbers from the first drum and one number from the second drum. Fist five numbers are knows as the white ball numbers and the one number from the second drum is known as the Mega Ball number. You can play this lotto online from your home only.
To win a jackpot, you have to match all six winning numbers. If you don't match all six winning numbers, still, you can win eight different lower prizes. Check the Mega Million Jackpot winner in Recent Draw.
* Due to the COVID-19 pandemic, Mega Millions lottery has made some changes in the jackpot amount. Now it has the minimum advertised jackpot of $20 Million. It will increase by $2 Million each draw if they don't get a jackpot winner.
DES MOINES, Iowa (AP) — With the widest reach of any lotteries in the U.S., Powerball and Mega Millions are designed to produce eyepopping jackpots that generate huge sales. It's safe to say it's working, as their combined jackpots reached an estimated $1.39 billion on Thursday.
The next Mega Millions drawing is Friday night, when an estimated $750 million prize will be up for grabs. The drawing for an estimated $640 million Powerball jackpot will be Saturday night.
SHOULD I RISK $2 ON A TICKET?
Only if you expect to lose. Your odds of winning either jackpot is exceedingly small, at 1 in 292.2 million for Powerball and 1 in 302.5 million for Mega Millions. The odds of winning smaller prizes are much better, but it's still unlikely you'll win back the money you spend on a ticket.
PUTTING THE ODDS IN PERSPECTIVE
Can't envision your odds of winning? Here's how Andrew Swift, a mathematics professor at the University of Nebraska-Omaha, described it: The odds of winning Powerball are a little worse than flipping a coin and getting heads 28 straight times.
BUT SOMEONE WILL EVENTUALLY WIN
That’s the thing. Despite the infinitesimally small odds, one day soon some guy in Florida or woman in Arizona or who knows where will stand before cameras with a dazed smile, holding up a giant check with a bunch of zeros. It's a big country, and when millions and millions of people play the lottery, someone eventually wins.
Powerball And Mega Millions Drawings
DO THE ODDS CHANGE AS THE JACKPOT GROWS?
The odds stay the same for any single combination purchased, but a person’s odds of winning improve ever so slightly with every different combination they play. Keep in mind, though, that whether you spend $2 or $200 on tickets, you should plan on losing. As more people play, the odds also rise that more than one person will draw the winning numbers, which would mean sharing the jackpot.
WHEN I BEAT THE ODDS, HOW RICH WILL I BE?
Pretty rich, but maybe less than you think. First, those jackpots promoted by the lotteries are for winners who take the annuity option, which is paid out over 30 years. Of course, winners rarely go that route, instead opting for a lump-sum payment figuring they can better invest it themselves. That means if one person wins the estimated $750 million Mega Millions jackpot, they would get a pre-tax lump-sum payment of about $550 million, which is around 25% less than the annuity amount.
THAT’S STILL A BUNDLE OF MONEY
It absolutely is, but you’ll take home even less because the federal government will also be a winner, typically siphoning off 37% in taxes. Most states tax lottery winnings, too.
WHY THE DROUGHT IN BIG JACKPOTS?
It's been nearly two years since lottery jackpots grew so large. Some of that is chance, as players won prizes before they could reach the stratosphere. But the smaller prizes also reflect slower sales during the coronavirus pandemic, which led lottery officials to reduce the size of initial jackpots and allow them to grow more slowly, depending on sales.
HOW LONG WILL THIS GO?
There’s no telling, but keep in mind that the two largest jackpots ever each exceeded $1.5 billion, so it could be a while before some lucky player is bathing in riches.
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Powerball And Mega Millions Results
Powerball And Mega Million Amount
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