If you’ve won the jackpot lottery, you probably want to know how to use your winnings to your advantage. Powerball and Mega Millions jackpot winners have several options, including a lump sum or a series of 30 annual payments. According to certified financial planner Lisa Kirchenbauer, the best approach is to consult with a team of professionals.
Mega Millions jackpot has jumped up to $810 million
According to the lottery’s website, the Mega Millions jackpot has jumped to an estimated $810 million. This makes it the fourth largest jackpot in U.S. lottery history. Last Friday’s jackpot was estimated at $790 million. However, the jackpot jumped to $810 million on Monday after sales surged. Until now, there has not been a jackpot winner of the Mega Millions game.
According to the lottery website, the jackpot will be distributed in 30 installments over 29 years. If all the payments are made at once, the winner will receive a lump sum payment. However, winnings can be taxable, meaning that a large portion of the cash prize will be eaten up by taxes. For that reason, lottery experts suggest having a healthy combination of even and odd numbers.
Powerball jackpot has jumped up to $470.1 million
If you bought a Powerball ticket on Tuesday, you have a great chance of winning the jackpot this week. With the right numbers, you could win an estimated $810 million. If you do, you’ll become the third-highest jackpot winner in game history, and the fourth-highest jackpot winner in lottery history. The previous record was $1.586 billion, won by three people in Tennessee, Florida and California.
The jackpot has also increased dramatically in recent weeks, doubling its previous high of $470 million. If you’ve ever played the lottery, you know how exciting it can be to win a large lottery prize. However, you’ll also have to pay taxes on it, and that can eat up a large chunk of the money. Fortunately, you can still make a big difference if you’ve won a big prize.
Odds of winning a Mega Millions jackpot are 1-in-303 million
The odds of winning a Mega Millions jackpot are low – about one in every 303 million. However, if you are lucky, you may find yourself walking away with more than $1.1 billion in cash. According to J.P. Morgan, a professor of statistics at Virginia Tech, winning the jackpot is not an impossibility. While the odds of winning the jackpot are low, there are still some ways to improve your odds.
One way to increase your chances of winning the Mega Millions jackpot is to purchase a lotto ticket. Mega Millions has a lottery ticket price of $2. Tickets are sold in 45 states and the District of Columbia.
Chances of winning a $15 million money maker jackpot are 1-in-9 million
Despite the large prize, chances of winning the $15 million money maker jackpot are low. If you are a regular player of lottery games, it is unlikely that you will win. According to official lottery website, the odds of winning the jackpot are one in six hundred and forty eight million. This is a better chance than winning the $1 million prize in “Jumbo Cash.”
Many lottery winners use their winnings to pay off debts and buy homes. They also use their winnings to help families and friends. A recent example of this is a man who won $3 million in a Georgia Lottery scratch-off game. He subsequently spent the money on crystal meth. Later, he pleaded guilty to an investment in a drug ring and received 21 years in prison. Even though the odds of winning the $15 million money maker jackpot are low, some people are still asking themselves, “What if I win?”