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Mega Millions jackpot climbs to $1.25 billion after no one hits the top prize

August 4, 2023
in News
Mega Millions jackpot climbs to $1.25 billion after no one hits the top prize
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National News

No one has won the Mega Millions jackpot since April 18, allowing it to grow larger and larger.

Several orange Mega Millions lottery tickets are pictured.
The $1.25 billion prize for Friday’s Mega Millions drawing is one of the largest in U.S. history. Photo Illustration by Justin Sullivan/Getty Images

By Associated Press

August 2, 2023

The Mega Millions jackpot increased to an estimated $1.25 billion after no one beat the odds Tuesday night and won the massive lottery prize.

The winning numbers drawn were: 8, 24, 30, 45, 61 and the yellow ball: 12.

No one has won the Mega Millions jackpot since April 18, allowing it to grow larger and larger. The $1.25 billion prize for Friday’s drawing is one of the largest in U.S. history. Tuesday night’s drawing for $1.1 billion was the 30th straight without a winner.

The lottery drought is due to a combination of poor luck and terrible odds, as the chance of winning the Mega Millions jackpot is 1 in 302.6 million. The odds of winning smaller prizes, ranging from $2 to $1 million, are significantly better.

The new $1.25 billion jackpot is for a sole winner who chooses to collect through an annuity, with annual payments over 30 years. A sole winner who opts for a lump sum payment would receive an estimated $625.3 million.

Winners also would be subject to federal taxes, and many states also tax lottery winnings.

Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : The Boston Globe – https://www.boston.com/news/national-news/2023/08/02/mega-millions-jackpot-climbs-to-1-25-billion-after-no-one-hits-the-top-prize/

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