Lottery fever spreads in anticipation of $1.6B Mega Millions jackpot

Mega Millions chose to decrease each person's chances of winning, in order to grow the jackpots bigger.

From San Diego to NY, people are dreaming of how they would spend the money should they beat the astronomical odds of winning. "There are plenty of people who know how to exploit that ignorance". That is why the substitute teacher said he would tell as few people as possible. She said prize recipients should create a trust and hire a team of lawyers, financial advisers and security. The giveaway begins on Tuesday at 9:30 a.m.

If a Kansas player hits the Mega Millions jackpot tonight, is the only victor and chooses the $904.9 million cash option, he or she would receive $643 million, after taxes. But by Tuesday night's drawing, officials estimate that 75 percent will be sold.

Powerball has climbed since there was a victor in NY on August 11.

Should I seek legal or financial advice if I win?

Mathematically, you're not being rational if you think you have a chance of winning the jackpot, whether it's with one ticket or 100 tickets.

The top prize for Tuesday night's Mega Millions drawing will be the largest lottery jackpot in United States history. I might even buy a Powerball ticket too, because $620 million doesn't sound like a bad payout either. The odds are low, about one in 300 million.

The Mega Millions and Powerball jackpots total more than $2 billion, and a lot of money is up for grabs. That would leave me with "just" over $570 million, assuming I took the lump sum.

Also, a $1 million Powerball ticket was sold in Ingham County, Michigan, according to a local news report. Of the five largest jackpots awarded in the US, three went to multiple winners. "In this 26-draw jackpot run, beginning with the July 27 drawing there were more than 50.2 million winning tickets at all prize levels, including 85 worth $1 million or more and the jackpot victor", Mega Millions announced on its website. Winners of tickets up to $600 can redeem them at Maryland Lottery retailers, at any of the state's six casinos or at the Maryland Lottery's office in Baltimore, 1800 Washington Blvd. A portion of the money goes towards California Public Schools.

The chance of winning both lotteries is one in 88 quadrillion, which is 88 followed by 15 zeroes!

  • Zachary Reyes