Record-Breaking Mega Millions Jackpot Reaches 1.05 Billion, Next Chance to Win on Tuesday

Aviva Fried, edited by Alexandre Dalifard / Photo credit: TAYFUN COSKUN / ANADOLU AGENCY / ANADOLU AGENCY VIA AFP 6:56 p.m., July 29, 2023

While no one won the 940 million dollars on Friday, the amount of the Mega Millions jackpot, the American lotto, has now reached 1.05 billion. This will be played next Tuesday. To win such a sum, the odds are one in 302 million.

1.05 billion is the amount of the Mega Millions jackpot, the American lotto, which will be put into play next Tuesday. If it reaches such an amount, it means that no one won the $940 million jackpot on Friday. This is the fourth highest prize pool in the history of this game, the record being 1.5 billion won in 2018.

One in 302 million chance of winning

Nobody has found all five numbers and the bonus number for more than three months and the prize pool is therefore over a billion dollars. But beware, to pocket this sum, you must choose to receive it in annual payment for 29 years. Otherwise, if you want to collect everything at once, the amount is only 528 million dollars and you must not forget to pay your taxes, approximately 37% for the federal tax. And in some states, you will also have to pay an additional tax of around 10%.

Because Americans are not all equal before the lottery. The sums won vary according to the place of residence and there are even five states where the lotto is prohibited. This is the case in Alabama and Utah for religious reasons, but also in Nevada. And there, it is not to compete with the casinos of Las Vegas. But then, what can we do with 1 billion dollars? Why not buy 35 fighter planes or a baseball team? So that’s not enough to afford Buckingham Palace, estimated at 1.3 billion. But it can afford the Mona Lisa. Obviously, you have to win first and the odds are one in 302 million.

2023-07-29 18:28:09
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