Record $1.6 Billion Mega Millions Jackpot Up For Grabs Tonight

An updated paper sign is displayed the counter of a 7 Eleven store shows that the Mega Millions estimated jackpot has soared to $1 billion as the second-largest prize in U.S. lottery history gets even bigger Friday Oct. 19 2018 in Chicago. (AP

Gordon Medenica is the head of Mega Millions and says 95 percent of tickets purchased are computer-generated quick picks.

The estimated jackpot is the largest lottery prize ever. "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.

Lottery players face odds of 1 in 303 million of winning the Mega Millions drawing.

The Mega Millions and Powerball jackpots total a combined amount of more than $2.2 billion as of the morning of October 23, 2018.

It will be the largest lottery prize in USA history when someone finally hits it and will join five other top 10 drawings in the last three years.

"I would donate to kidney and breast-cancer research", Davis said.

Mega Millions tickets are $2 and are sold in 44 states, Washington, D.C., and the U.S. Virgin Islands. Still, Corcoran said, the money helps.

If you take the yearly installments it reduces your tax bill a little and offers a steady flow of income which grows each year. The second-largest jackpot was a $1.586 billion Powerball drawing on January 13, 2016. The one-time cash option is estimated at $913 million - still nothing to sneeze at. 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.

To put this in perspective, you're more likely to give birth to identical quadruplets to become a saint than win the Mega Millions.

The last time somebody hit the Mega Millions was July 24, when an office pool in Silicon Valley won the $543 million jackpot. "Tomorrow, when I win, don't come looking for me". Never in USA history has there been a jackpot of this size. In the past, there have been cases where the court ruled in favor of the one coworker who physically purchased the ticket, meaning all of the other coworkers were out of luck. New York has the highest tax at 8.8 percent and residents of New York City face another 3.8 percent extra in taxes. Texas has the nation's second-largest population, yet players have only bought winning Mega Millions tickets in the state twice in the past five years.

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