Mega Millions Jackpot Hits $1.25B After No Winner
Since no one managed to defy the odds and win the enormous lottery reward in Tuesday night’s drawing, the Mega Millions jackpot has grown to an astounding estimated value of $1.25 billion.
The winning numbers were 8, 24, 30, 45, and 61, and the number picked from the yellow ball was 12. Since April 18, there has been no jackpot winner in 30 consecutive drawings, which has allowed the prize to grow to be one of the greatest in American lottery history.
The protracted lottery drought can be attributed to a mix of bad luck and improbable chances, with the Mega Millions jackpot’s astonishing probability of winning resting at 1 in 302.6 million.
The odds of winning lower prizes, ranging from $2 to $1 million, are slightly greater for participants. The only winner of the historic $1.25 billion jackpot will receive annual payments over a 30-year period by selecting an annuity as the method of payment.
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Tax Implications on Mega Millions Winnings
On the other hand, the winner would be eligible for an estimated $625.3 million if they want a lump sum settlement.
It’s important to keep in mind that winnings are subject to federal taxes, and many states also have their own tax laws regarding lottery awards. This has an additional impact on the winners’ total payout.
The US Virgin Islands, Washington, DC, and 45 other states all participate in the wildly popular lottery game known as Mega Millions. Numerous enthusiastic players are excitedly trying their luck in the aim of winning the massive jackpot, which has captured the attention of the entire country.
The impending drawing for the $1.25 billion reward on Friday is expected to be a huge event, attracting the attention of millions of individuals who are dreaming of becoming wealthy as the excitement and anticipation grow.
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Source: www.chicagotribune.com
