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Mega Millions deadline: Subscription for $ 1.6 billion jackpot leads to ticket sales

Alex Horton General Mission Reports Covering National and Breaking News October 23 at 15:55 Just stop somewhere – a cafe,…

Just stop somewhere – a cafe, the supermarket’s cashier or your office – and listen. 19659004] Odds are that someone in the eagle threats a plan to buy mansions and boats as long as a city block. But of course there are many who will certainly explain, they will derive serious money into charity after winning which lottery officials call the biggest lottery jackpot in history.

Tuesday’s Mega Millions subscription will pay at least $ 1.6 billion to winning jackpot ticket holders. If there are any, after Friday’s already record setting sign, ended without a ticket that matched all six numbers. That number is “ocharted territory” for Mega Millions, said lottery officials.

The jackpot will increase to $ 2 billion for Friday’s drawing, Gentry said, if there are no winners.

But the chances rise as a winner or Winner will pop up after the numbers are called.

Lottery Judges judge that 75 percent of all number combinations will be purchased, told Maryland Lottery and Gaming spokesman Carole Gentry The Washington Post. With more than 300 million possible combinations, the odds are to win 1 of 302,575,350.

More than one set of winning numbers can be purchased, but it would mean that two or more would have to share the massive payout.

The fever has hit nationwide.

On Thursday before the last drawing, in California, players played 200 tickets a second, the Associated Press reported.

On the east coast on Friday, approximately 9,100 tickets were bought one minute in Maryland in a two-hour window before the drawing, state lottery officials said.

The sale of the Virginia Lottery project after Friday’s drawing through Tuesday’s drawing will approach 19 million dollars, says lottery spokesman Jennifer Mullen. During the sale, as many as 12 700 tickets will be sold per minute, Mullen said.

The time limit for buying tickets in most states is 10:45 AM. EST or 15 minutes before the subscription, but some will end sales earlier.

What is my payout if I win?

The estimated cash option is approximately $ 905 million if a winner chooses to take a one-off payment instead of annual payments over 30 years, according to Mega Million’s officials.

But it is before tax. You would get about half of it after government and federal taxes took a big deal of your profits, AP reported. The annual payments would mean a higher payout over time, but you would have to neglect enough money to buy, say, a fighting NFL team.

And if you take the annual payouts instead of the lump sum, you can even be a possible billionaire. The USAMega.com site breaks down what your profits may look like taxes for your state. Even highest-taxed states like New York show numbers as cresting billions of dollars after 30 years of payments.

Am I or lottery giants today?

It’s not just you. Lottery officials expect huge jackpots to draw players who would not normally participate, so in October they made two major changes. They doubled the ticket prices to $ 2 and tweaked the formula to make it easier to win less prizes but harder to win the jackpot.

How Mega Millions Works: Players picked 5 numbers from 1 to 75 and a Mega number from 1 to 15. The odds to win the top prize were 1 in 258,890,850.

Since Mega Million’s modified formula, players now choose five numbers from 1 to 70 and a Mega number 1 to 25. The odds of winning the jackpot are now 1 in 302,575,350.

In other words, the number of balls decreasing for the first five digits increases the chance of winning a smaller price. But increasing the number of Mega Balls makes it harder to win the jackpot. (You still win the big jackpot by matching all six winning numbers in a drawing.)

Powerball made similar changes in its 2015 rules. The game is currently on a monster jackpot but a small relative to the Mega Millions,

.

“I think I’ve already won,” Joseph Rauch told Reuters, “I believe in the law of attraction. So what is already it.”

Others are already self-taught experts on how to handle such a big and public price. “I would incorporate myself as a business and become my own business,” says Gregory Baron in New York City.

And even obvious fatalists wander to the corner store for a shot at the jackpot.

Hank Kattan is 75 years old. He does not expect to win at all. And yet.

“I will never win, but you have to give it a shot,” he told Reuters.

Amy B Wang and J. Freedom du Lac contributed to this report.

Read more:

He returned orange juice to save money – and picked up a winning $ 315 million lottery ticket

Winner of a $ 560 million Powerball jackpot can hold the money and her secret judge rules

Perspective | How the 80’s exceeded today’s Mega Millions Mania

She bought her first lottery ticket on her 18th birthday – and now she’s set for life

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