$ 1B Mega Millions Jackpot Quick Facts

In the same week that a Maryland couple won a $ 730 million Powerball jackpot, Americans have a chance to win $ 1 billion in a Mega Millions prize pool.

A Friday jackpot winner, if he or she chooses the cash option, will receive $ 739.6 million – before taxes.

In 2020, overall, there were five Mega Millions winners, according to game officials.

Here are some facts about the game and the huge jackpot.

Historically high

Friday’s draw marks only the third time that a lottery prize has reached the $ 1 billion mark.

Two other jackpot prizes exceed $ 1.5 billion, including a $ 1.586 billion Powerball jackpot that was won in January 2016 (three winners) and the current Mega Millions record of $ 1.537 billion, which was won with a single ticket in October 2018.

$ 730M POWERBALL JACKPOT STATE STATE TAX RATE

Registration execution

The huge jackpot prize has been growing since September 15, 2020, the last time a winner was drawn. This includes 37 sweepstakes and marks the longest jackpot ever.

Chances of winning

The overall chances of winning a prize are 1 in 24 and the chances of winning the jackpot are 1 in 302,575,350.

When to play

The next Mega Millions draw will be at 11 p.m. ET on Friday night.

CLICK HERE TO READ MORE ABOUT FOX BUSINESS

Source