1 Jackpot Option - payment option as designated on the winning ticket(s).Tickets must be claimed no later than 180 days after the draw date.Ī ticket is not a valid winning ticket until it is presented for payment and meets the Commission's validation requirements. View the Webcast of the official drawings. That also doesn't account for the possibility that someone else will match the winning numbers, meaning they would need to divide even those smaller winnings in half or more, depending on the number of lucky players.In the case of a discrepancy between these numbers and the official drawing results, the official drawing results will prevail. State taxes also could cut into that amount depending on where the winner lives. "Some people like the idea of having something consistent over time," but in recent years "just about everyone has chosen the cash option prize," Kilbane said.Īnd then there are federal taxes, which cut the payout even further. But winners typically opt for cash, which for this drawing would pay out an estimated $602.5 million. First, that's the amount for winners who take the annuity option, paid over 30 annual payments. Meanwhile, even if you somehow beat the odds, you won't get the full payout. To put those in perspective, your chance of dying in a car crash - something to consider as you drive to the mini-mart for a lottery ticket - is around one in 101 over a lifetime, according to the nonprofit National Safety Council. You have better odds of a smaller payoff, such as winning $1 million for matching five regular numbers but missing the Mega Ball. The odds of winning the jackpot are vanishingly small - about 1 in 302.5 million. This year has seen three large jackpot wins: a $426 million pot in California in January, a $128 million ticket in New York in March and a $110 million prize in Minnesota in April, according to Mega Millions.
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