Jackpot lottery winners share the prize pool. The prize pool includes the amount of money invested in the lottery and the cash paid out to the jackpot winner. If more than one person wins the jackpot, the winnings are divided equally among all the winning tickets. The prize pool is usually very large, and a jackpot can be worth up to $1 billion.
Mega Millions jackpot is at $154 million
The Mega Millions jackpot has climbed to $154 million after Friday’s drawing. It will hit $168 million on Tuesday, and there will be a cash option of $108.8 million. On Friday, no one won the $139 million jackpot, but there were two second-prize winners. One ticket sold in Michigan won $1 million, while another ticket sold in California won $524,457. Prize amounts for winning second prizes vary by state. In Michigan, there were 249,921 tickets sold for the drawing, and nine,252 of them won at least $4.
According to official lottery rules, the chances of winning the Mega Millions jackpot depend on the number combinations, the number of players, and the amount of tickets sold. For example, there are five ways to match the numbers drawn each time, and the odds are very high.
Powerball jackpot is at $1.5 billion
The Powerball jackpot has rolled to an estimated $1.5 billion and is on track to be the third-largest in lottery history. The jackpot is one of the largest in lottery history, and one in every 292 people has a chance of winning it. Powerball tickets are $2 each, and you can buy a Power Play option for an extra $1 to multiply your chances of winning non-jackpot prizes. You can buy Powerball tickets any time until the drawing takes place at 10:59 p.m. on Saturday.
Those who have won the jackpot can choose to take the cash or annuity. In most cases, people choose the cash option, but if they win the jackpot in the lottery, they will have to pay state and local taxes on it. However, there are financial advisors who suggest that it is best to take the annuity option.
Mega Millions is at $154 million with a cash option of $74.7 million
The jackpot for Mega Millions is currently estimated at $154 million with a cash option worth $74.7 million. The cash option is the amount left over after federal, state and local taxes are withheld. The estimated prize will vary depending on how many tickets are sold.
The Mega Millions draw is held every Tuesday and Friday at 11pm. You can watch the drawings live on cable channel WGN or on the official Mega Millions website. After the drawings, the winning numbers will be announced. If you won a cash option, you can claim your prize.