Powerball and Mega Millions jackpots: What to know if you win
Here's what to know if you win the Powerball or Mega Millions jackpot.
Just FAQs, USA Today
The Mega Millions jackpot is estimated to be the game's eighth-largest ever after there was no winner on Friday.
The jackpot is now worth $563 million ($265.4 million cash option) for the next drawing on Tuesday. According to the Mega Millions website.
The jackpot was last won on December 8th.
Here's what you need to know before your next Mega Millions drawing.
When is the next Mega Millions drawing?
The next Mega Millions drawing is Tuesday 27 February. Drawings are held in 11pm every Tuesday and Friday.
How long can you buy a Mega Millions ticket?
In Michigan, ticket sales are available in stores and online until 10:45 PM on drawing night.
Mega Millions costs $2 to play.
What is Megaplier?
The Megaplier feature increases non-jackpot jackpots by two, three, four or five times. It costs an extra dollar per game. The Megaplier drawing takes place on Tuesdays and Fridays before the Mega Millions drawing. The pool contains 15 balls. Five were marked as 2X, six as 3X, three as 4X and one as 5X.
What are the Mega Millions prizes?
- Match 5 white balls + mega ball: win the jackpot
- Match 5 white balls: $1 million
- Matching 4 white balls + jumbo ball: $10,000
- Match 4 white balls: $500
- Match 3 white balls + jumbo ball: $200
- Match 3 white balls: $10
- Matching 2 white balls + jumbo ball: $10
- Match 1: White Ball + Big Ball: $4
- Mega Ball Game: $2
What are the odds of winning the Mega Millions jackpot?
The odds of matching the five white balls and the Mega Ball to win the Mega Millions jackpot are 1 in 302,575,350.
How do I find Mega Millions winning numbers?
Winning Mega Millions numbers will be posted on both Mega Millions and Michigan Lottery Websites.
You can also watch the draw on Mega Millions page on YouTube.
What happens if I win the jackpot?
The grand prize winner has the option of receiving an annuity or cash payment.
The annuity is paid as one immediate payment followed by 29 annual payments, according to the Mega Millions website. Each batch is 5% larger than the previous batch.
“This helps protect winners’ lifestyle and purchasing power in periods of inflation,” according to the Mega Millions website.
The cash option is a one-time lump sum payment equal to all the cash in the Mega Millions jackpot prize pool.
If two or more people win the jackpot in the same drawing, the money will be shared equally between all winning tickets.
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