ME lottery players spent $1.9 million ahead of Mega Millions drawing

22 October, 2018, 13:26 | Author: Corey Lynch
  • Mike Sugar  Reuters

The jackpot is now the highest in history, moving past a $1.586 billion Powerball drawing in 2016 that was shared among winners in California, Florida and Tennessee. Virgin Islands. An entry into the drawing costs $1.

Beyond that, winning the lottery is often not as glamorous as it may seem, as many winners end up struggling to find meaning, get taken advantage of by others, and even end up broke. At its inception, only six states participated in drawings, but that number quickly grew.

The victor of such a prize would be worth more than Vera Bradley Inc and easily have enough money left over to buy a full set of the company's trademark paisley purses and luggage.

Even when a victor is eventually announced, it could still take a while before we find out their identity (if ever.) The time they have to claim their prize varies by the state. But that's not a jackpot victor.

If there is a victor on Tuesday they will be able to opt for an immediate cash payment of $904m (£692m), or receive the $1.6bn over 29 years. So, in terms of family and estate planning, the lump sum option is the far better choice.

Lottery officials changed the odds in recent years to lessen the chance of winning a jackpot, which in turn increased the opportunity for top prizes to reach stratospheric levels. Right now, we don't know yet if anyone won the Mega Millions billion-dollar jackpot. Some were worth up to $1 million.

If someone does win, there's a chance we'll never know who they are. Matching all six numbers leads to winning the $1 billion jackpot, and matching some combinations of the numbers pays out smaller prizes.

Here's what you should know before next week's Mega Millions drawing.



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