No Mega Millions victor, but $1M ticket sold in Arizona over weekend

Oct 25, 2018, 21:01
No Mega Millions victor, but $1M ticket sold in Arizona over weekend

The Powerball jackpot also has climbed.

And it isn't only Mega Millions upping the ante - Powerball is also giving it the big'un after its Saturday draw worth an estimated $470 million (£360m) had no winners.

That's because that location has some recent luck, as it sold a 1-million dollar powerball ticket over the weekend.

The $1 million tickets matched all five white balls in the drawing.

Wednesday's Powerball lottery prize stands at $620 million, making it the fifth-largest jackpot in USA history, after no one got all six numbers in Saturday's drawing.

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The record $1.6 billion Mega Millions drawing is Tuesday night.

Tickets sold for today's drawing are expected to cover 75 per cent of all possible number combinations, he said.

Levine/NewscomAt some point in the near future, the record-high Mega Millions jackpot is going to make someone very, very rich.

With odds of wining at 1 in 302 million for Mega Millions and 1 in 292 million for Powerball, some just said they hope someone from the Tri-State Area wins.

Lottery prizes more than $5,000 are subject to state and federal taxes, meaning winners in Maryland take home about two-thirds of the total prize money.

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My advice to all of you prospective lottery winners remains the same as it was in 2016: If you win, decline the up-front cash and take the annuity.

The cash option is still massive, at $US904 million for Mega Millions and $US354.3 million for Powerball. And the top income tax rate is 37 percent, so I'd have to pay the difference between the two rates as well.

That would leave most of us disappointed but some lucky victor beset by a host of questions. But the sales are high, especially following a change Mega Millions made in October 2017.

The last time someone hit the jackpot was July 24, when a group in California won $543 million.

Still, about half of the approximately 320 million people living in the US are expected to play in today's Mega Millions drawing.

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Powerball has climbed since there was a victor in NY on August 11. You'll want to put aside another 13% of your Mega Millions jackpot winnings immediately.