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☆ Mega Millions jackpot soars to an estimated $944 million for Christmas Eve drawing
▼ + stars: | 2024-12-21 | by ( Dalia Faheid | Artemis Moshtaghian | ) edition.cnn.com time to read: +2 min

CNN —This Christmas Eve, one lucky lottery ticket could celebrate with a Mega Millions jackpot nearing $1 billion – the largest prize ever offered in the month of December. With no one winning the jackpot Friday, the grand prize for Tuesday’s drawing ballooned from $862 million to $944 million, according to the lottery. Those tickets were sold in Arkansas, Illinois, Indiana and Pennsylvania, according to the Mega Millions website. But the jackpot has only been won once on Christmas Eve, according to Mega Millions. Overall, the chances of winning a Mega Millions jackpot are approximately 1 in 302.5 million.

Persons: jackpots, ” Joshua Johnston, “ There’s, ”, there’s Organizations: CNN, New Jersey Mega, Mega Millions, Millions, Mega Millions Consortium Locations: Tuesday’s, Arkansas , Illinois, Indiana, Pennsylvania, New Jersey, Illinois, Houston, Sugar Land

☆ A year-end countdown as Mega Millions Jackpot grows to nearly $1 billion
▼ + stars: | 2024-12-20 | by ( Artemis Moshtaghian | ) edition.cnn.com time to read: +3 min

CNN —While shoppers rush to find the perfect holiday gift, the real treasure might just be hidden in one lucky lottery ticket. That’s because tonight’s Mega Millions drawing could yield a jackpot nearing $1 billion – the largest prize ever offered in the month of December. The Mega Millions jackpot surged to $862 million on Friday, Joshua Johnston, the lead director of the Mega Millions Consortium, told CNN, jumping up $37 million from a jackpot initially projected to be $825 million. SeptemberA Houston-area resident claimed September’s $800 million Mega Millions jackpot prize a month after purchasing the winning ticket at a gas station convenience store in Sugar Land. No one has ever won a jackpot on Christmas Day, according to the Mega Millions organization.

Persons: Joshua Johnston, ” Johnston, “ There’s, ”, there’s, jackpots, June, snagging Organizations: CNN, Mega Millions Consortium, Living Trust, Texas Lottery, Illinois Lottery, Illinois State, Jersey Mega, New Jersey Lottery Locations: Houston, Sugar Land, Illinois, Jersey, Monmouth County

☆ The Mega Millions jackpot is the eighth-largest ever at $740 million—here are the odds you’ll win
▼ + stars: | 2024-12-16 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

The Mega Millions jackpot has reached $740 million, the eighth-largest in the game's history and the biggest ever in the month of December. To win the jackpot, you must match all six winning numbers in a drawing. But don't expect to win, as the odds of taking home the jackpot are 1 in 302,575,350. If you want to watch the draw live, check out the Mega Millions' YouTube channel. Updates about winners are posted on the Mega Millions website on Wednesday and Saturday mornings after winning tickets have been verified.

Persons: they'll Organizations: CNBC

☆ Mega Millions is raising ticket prices from $2 to $5, but promises bigger payouts—here's what to know
▼ + stars: | 2024-10-09 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

You'll have to spend more to win big, as Mega Millions plans to raise its ticket price as part of a revamp that promises bigger prizes, the lottery announced Monday. There will be bigger prizes won more frequently, along with slightly improved odds of winning, according to the consortium that runs the lottery. Perhaps the most significant change affecting the most players is the automatic prize multiplier, which currently costs an additional $1 on top of a $2 ticket. Starting in April, this multiplier will be built into the ticket price, automatically boosting non-jackpot winnings. For example, if you match the numbers on three white balls and the Mega Ball, you currently win a $200 prize.

Persons: they'll Organizations: CNBC, U.S . Locations: Washington, U.S, U.S . Virgin

☆ Mega Millions lottery is more than doubling the price of a ticket to $5
▼ + stars: | 2024-10-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The cost of a Mega Millions ticket is more than doubling, but the multi-state lottery game is promising that the bigger price comes with better odds. It’s the second time the price of a ticket has increased in Mega Millions’ 22-year history: In 2017, the price jumped from $1 to $2 — the same cost of a Powerball ticket. That’s also when Mega Millions adopted its current format of choosing six total numbers from two different pools – and when all the numbers match, including the gold Mega Ball, the player wins the jackpot. Mega Millions said that the increased ticket price will cause larger-starting jackpots, as well as faster-growing jackpots. Mega Millions is available to play in 45 states plus Washington, DC, and the US Virgin Islands.

Persons: It’s, That’s, ”, Joshua Johnston Organizations: New, New York CNN, Mega, Mega Millions Consortium, Virgin Islands Locations: New York, Florida, Washington, Virgin

☆ Massachusetts woman beats incredible odds to win $1 million lottery prize twice in 10 weeks
▼ + stars: | 2024-05-05 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Christine Wilson from Massachusetts won her second $1 million lottery prize within 10 weeks. AdvertisementA woman has claimed her second $1 million lottery prize within 10 weeks, playing the Massachusetts State Lottery. Wilson's first $1 million prize was from Dubs's Discount Liquors, also in Mansfield. New Jersey native Evelyn Adams also won the lottery twice — in 1985 and 1986, earning her a total of $5.4 million. The odds of winning the lottery twice are 283 billion to one, according to UK National Lottery operator Camelot.

Persons: Christine Wilson, —, Wilson, Stuart C, aren't, Kevin Miller, Kenneth J Stokes, David, Kathleen Long, Evelyn Adams, didn't sate Adams, Juan Hernandez, he'd Organizations: Massachusetts, Service, Massachusetts State, Massachusetts State Lottery, Juan Hernandez of, New York, UK National Lottery, Camelot Locations: Attleborough , Massachusetts, Mansfield, Liverpool, Massachusetts, . New Jersey, Juan Hernandez of Nassau County , New York

☆ Oregon Powerball player wins a $1.3 billion jackpot, ending more than 3 months without a grand prize
▼ + stars: | 2024-04-07 | by ( ) www.cnbc.com time to read: +2 min

A Powerball player in Oregon won a jackpot worth more than $1.3 billion on Sunday, ending a winless streak that had stretched more than three months. The single ticket matched all six numbers drawn to win the jackpot worth $1.326 billion, Powerball said in a statement. The winning numbers drawn early Sunday morning were: 22, 27, 44, 52, 69 and the red Powerball 9. The $1.326 billion prize ranks eighth in U.S. lottery history. "This is done to ensure that every ticket sold for the Powerball drawing has been accounted for and has an equal chance to win.

Organizations: Oregon, New, Florida Lottery, Washington , D.C, U.S . Locations: Trona , California, United States, Washington ,, Puerto Rico, U.S, U.S . Virgin Islands

☆ Powerball hits $1.3 billion. Most people still buy tickets in person, but more lottery apps emerge
▼ + stars: | 2024-04-05 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Justin Sullivan | GettyThe growth of 'lottery couriers'U.S. lottery sales exceeded $113.3 billion in 2023, according to the North American Association of State and Provincial Lotteries. With varying state and provincial regulations, players have different purchase options, such as in-person or online sales, depending on where they live. One option is lottery-courier services, which accept orders and buy lottery tickets on a customer's behalf. Mike Silveira Chief of staff for Jackpot.comPlayers can use Jackpot.com to order state lottery tickets via mobile phone, tablet or computer. He said the state has roughly $5 billion of in-person lottery sales yearly across 10,000 retailers and about $1 billion in online sales.

Persons: Justin Sullivan, Mike Silveira, Jackpot.com, Silveira, DraftKings, Drew Svitko, Svitko Organizations: North American Association of State, Provincial, Lottery, Jackpot.com, Pennsylvania Lottery, New Jersey, Mega Locations: Arkansas , Ohio , Massachusetts, New York, Texas, Jackpocket, Pennsylvania, New

☆ Powerball jackpot surges to an estimated $1.23 billion after no big winner Wednesday
▼ + stars: | 2024-04-03 | by ( Dalia Faheid | ) edition.cnn.com time to read: +2 min

CNN —The Powerball jackpot has skyrocketed to an estimated $1.23 billion after yet another lottery drawing yielded no grand prize winner Wednesday night. This has been one of the game’s longest streaks without a jackpot winner, according to Powerball. Since then, 40 consecutive drawings have taken place without a jackpot winner, according to Powerball. If there’s no jackpot winner on Saturday, it would tie for the most consecutive drawings without a jackpot winner. Only two other Powerball jackpot runs have previously reached 41 drawings before there was a jackpot winner, according to the lottery.

Persons: Wednesday’s, It’s, – Organizations: CNN, of Columbia, Virgin Islands Locations: New Jersey, California , Georgia , Massachusetts, Maryland , New Jersey, South Carolina, Washington, Michigan, California, of Columbia , Puerto Rico, Virgin, Tallahassee , Florida

☆ Powerball jackpot hits $1 billion. Here's how to pick between the lump sum or annuity if you win
▼ + stars: | 2024-04-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The Powerball jackpot is officially $1 billion — the fifth-largest prize in the game's history — without a winner from Saturday night's drawing. If you win the grand prize by matching all six numbers, you'll have two payout options: a lump sum of $483.8 Million or annuitized payments worth $1 billion. Both are pretax estimates. While the lump sum offers an upfront payout, the annuity includes one immediate sum followed by 29 annual payments with a 5% increase per year. "Between Uncle Sam and the winner's home state, that headline number could be cut in half by the time it reaches their hands."

Persons: There's, Landon Buzzerd, Sam Organizations: Finance, Mega, Asset Management Locations: NJ, Pittsburgh

☆ Those Billion-Dollar Lottery ‘Jackpots’ Aren’t Even Half That Big
▼ + stars: | 2024-03-29 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

The advertised jackpots aren’t nearly as big as they look. And Powerball says its current jackpot is $935 million. These lottery grand prizes are a fortune, no doubt about that. But truth be told, those mouthwatering advertised jackpot numbers aimed at tempting people to buy tickets are misleading. Thanks to the magic of rising interest rates, the advertised numbers have swelled, while the real value of the current lottery prizes isn’t even half that much.

Locations: United States, New Jersey

☆ Winning ticket for Mega Millions $1.128 billion jackpot sold in New Jersey — here’s how much the winner will owe in taxes
▼ + stars: | 2024-03-27 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

There is officially one winner for the $1.128 billion Mega Millions jackpot — and the taxman will take a sizable share, experts say. A single ticket sold in New Jersey won the game's fifth-largest grand prize after matching all six numbers drawn Tuesday night, Mega Millions announced Wednesday. The final jackpot dropped from an estimated $1.13 billion to $1.128 billion based on actual ticket sales. The lucky winner will choose between two options: an annuitized prize worth $1.128 billion or a lump-sum payout of $536.6 million cash. New Jersey taxes prizes over $10,000 and the winner will owe millions to the state, including a mandatory withholding, on top of their federal tax bill, he said.

Persons: Albert Campo Organizations: Mega, Finance, AJC Accounting Services Locations: New Jersey, Manalapan , New Jersey . New Jersey, California, Florida , New Hampshire, South Dakota , Tennessee , Texas, Washington and Wyoming

☆ An $865 million Powerball jackpot is up for grabs a day after a winning ticket nabbed $1.13 billion Mega Millions prize
▼ + stars: | 2024-03-27 | by ( Dalia Faheid | ) edition.cnn.com time to read: +2 min

The drawing will come a day after Tuesday’s momentous Mega Millions prize. The winning Mega Millions numbers Tuesday were: 7, 11, 22, 29, 38 and Mega Ball 4. The $1.13 billion Mega Millions jackpot, if confirmed at that level, would be rank fifth in that game’s history. The second Powerball jackpot to surpass $800 million this yearThis is the second Powerball jackpot to surpass $800 million this year. Winning the Powerball jackpot means a ticket matched all five white balls plus the red Powerball.

Persons: – Organizations: CNN, Garden State, Michigan, of Columbia, Virgin Islands Locations: New Jersey, Wednesday’s, Garden, California, of Columbia , Puerto Rico, Virgin, Tallahassee , Florida

☆ Mega Millions jackpot hits $1.1 billion — and the big winner could face these costly pitfalls
▼ + stars: | 2024-03-25 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

However, you must redeem the winning ticket in the state where you bought it, meaning an out-of-state purchase in a high-tax state could trigger a bigger bill. But the annuity payout could save on future state taxes, depending on where you choose to live, Stoltmann said. Otherwise, anyone who holds the winning ticket can file a claim to collect the proceeds. Avoid a 'legal catfight' on shared ticketsYou could also have winning ticket issues when pooling money with friends or co-workers, according to Stoltmann. "The nastiest legal catfights happen when a group of people buy a ticket together" and one person claims they bought the winning ticket alone, he said.

Persons: Justin Sullivan, Uncle Sam, Andrew Stoltmann, Stoltmann, Michael Whitty, Smith, Gambrell, Russell, there's Organizations: Getty Locations: Chicago, California, Florida , New Hampshire, South Dakota , Tennessee , Texas, Washington, Wyoming

☆ Lottery fever strikes as combined Powerball and Mega Millions jackpots hit $1.9 billion
▼ + stars: | 2024-03-25 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

The Mega Millions and Powerball jackpots have hit a combined $1.9 billion. This is Powerball's sixth largest prize draw in history. AdvertisementThe Powerball and Mega Millions Powerball jackpots are now at a combined value of almost $2 billion after no tickets matched all six numbers in the most drawings. Powerball's prize has now hit $800 million, its sixth-largest prize draw ever, while the Mega Millions jackpot is up to $1.1 billion. "Lottery fever continues to spread throughout the country," Gretchen Corbin, Georgia Lottery president, said in a Mega Millions statement.

Persons: —, Powerball's, Gretchen Corbin Organizations: Service, Georgia Lottery Locations: Georgia

☆ Mega Millions jackpot is up to $1.1 billion—what billionaire Mark Cuban says you should do if you win
▼ + stars: | 2024-03-25 | by ( Mike Winters | ) www.cnbc.com time to read: 1 min

For the sixth time in Mega Millions lottery history, the jackpot prize is worth over $1 billion ahead of Tuesday night's 11 p.m. If you match all six numbers on your ticket, you'll have the choice between $1.1 billion paid out as an annuity over 30 years or taking home a lump sum payment of $525.8 million, per usamega.com. Most winners choose the lump sum option, even though it's less than half of the total jackpot amount. With the lump sum payout, winners are theoretically able to invest and start growing the funds right away. However, Mark Cuban, self-made billionaire and star of ABC's "Shark Tank," thinks winners should take the annuity instead.

Persons: Mark Cuban Organizations: Mega

☆ Powerball jackpot swells to an estimated $800 million after no top-prize winners Saturday night
▼ + stars: | 2024-03-23 | by ( Sara Smart | ) edition.cnn.com time to read: +1 min

CNN —When the next Powerball numbers are drawn Monday night, a lucky lottery player somewhere in the country could win an estimated $800 million grand prize. Although there was no jackpot winner Saturday, five tickets won $1 million each in California, Florida, Indiana, Texas and Washington, according to the Powerball website. The last time the Powerball jackpot was won was in January, when a ticket in Michigan scored a prize worth $842.4 million. Since then, there have been 35 consecutive drawings without a jackpot winner, according to Powerball. Winning the Powerball jackpot means a ticket correctly guessed all five white balls plus the red Powerball.

Organizations: CNN, Michigan, Mega, of Columbia, Virgin Islands Locations: California , Florida , Indiana , Texas, Washington, Monday’s, of Columbia , Puerto Rico, Virgin, Tallahassee , Florida

☆ Mega Millions jackpot climbs to an estimated $1.1 billion after no grand prize winner Friday
▼ + stars: | 2024-03-23 | by ( Sara Smart | ) edition.cnn.com time to read: +1 min

CNN —With no winner of the Mega Millions jackpot Friday, the grand prize for Tuesday’s drawing grew past the billion-dollar mark, according to the lottery. While there was no big winner Friday, five tickets matched five of the numbers to win the game’s $1 million prize, Mega Millions said. In August 2023, $1.602 billion was won by a ticket that was purchased in Neptune Beach, Florida, according to the Mega Millions Jackpot history. There has not been a Mega Millions jackpot winner since December 2023, when a prize of $394 million was snagged by two players in California. Mega Millions drawings are held Tuesdays and Fridays at 11 p.m.

Organizations: CNN, Mega, Virginia Locations: Neptune Beach , Florida, California

☆ The IRS has so far issued 43 million tax refunds, worth $135 billion
▼ + stars: | 2024-03-21 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The tax deadline is approaching, and the IRS has already issued more than 43 million refunds worth nearly $135.3 billion. As of March 8, the average refund was $3,145, up from $2,972 the same week in 2023, the agency reported. However, the average refund could change as the IRS receives tens of millions more returns. The latest filing statistics show the IRS had received less than half of the more than 146 million individual returns expected for the 2023 filing season. Here's what to know if you winTaxpayers can check their refund status with the "Where's My Refund?"

Persons: Biden Organizations: IRS, Finance, Fed

☆ Mega Millions jackpot hits $977 million. Here's what financial experts say to do if you score the winning ticket
▼ + stars: | 2024-03-20 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

A person plays lottery at a 7-eleven store as Mega Millions jackpot reaches $ 1 billion 580 million, in Redwood City, California, United States on August 8, 2023. The Mega Millions jackpot jumped to an estimated $977 million — the game's sixth-largest prize — without a winner from Tuesday night's drawing. There have been 29 consecutive drawings without a grand prize, according to Mega Millions. ET, and the odds of hitting the Mega Millions jackpot is roughly 1 in 302 million. Here are some top pieces of advice for the next winner, according to financial advisors.

Organizations: Mega, Finance Locations: Redwood City , California, United States

☆ Mega Millions jackpot climbs to an estimated $875 million after no grand prize winners Friday
▼ + stars: | 2024-03-16 | by ( Andy Rose | ) edition.cnn.com time to read: 1 min

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Mega Millions and Powerball have racked up some massive jackpots after weeks of rolloevers. And Saturday night's Powerball jackpot is $600 million. There was one big winner in Friday nights' Mega Millions drawing. Saturday night's Powerball jackpot is estimated to be $600 million after no one matched all six numbers on Wednesday, officials said. Mega Millions tickets are $2 and are sold in 45 states, Washington, D.C., and the U.S. Virgin Islands.

Persons: Patrick's Organizations: Mega, Michigan, D.C, U.S ., U.S . Virgin Islands, of Columbia Locations: FORT LAUDERDALE, Fla, South Carolina , Michigan , Illinois, Maine, Florida, New York, California, Washington, U.S, U.S . Virgin, of Columbia , Puerto Rico, U.S . Virgin Islands

☆ Mega Millions sixth-largest jackpot hits $792 million—how much you'd actually take home in every U.S. state
▼ + stars: | 2024-03-14 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Mega Millions jackpot prize has grown to $792 million ahead of Friday night's draw — its sixth highest total ever. To win the jackpot, you'll need to match numbers with all five white balls, plus the gold Mega Ball. If you win, you can take a 30-year annuity for the full jackpot amount, or an upfront cash lump sum that's worth about 48% of the jackpot. While the lump sum is much less than the annuity, winners often choose that option since they receive more money right away. The prize amounts for both lump sum and annuity amounts are calculated by usamega.com.

Persons: you'll, usamega.com Organizations: Internal Revenue Service, D.C Locations: California, Florida , New Hampshire, South Dakota , Tennessee , Texas, Washington and Wyoming, Washington

☆ A lottery player in Florida misses out on $36 million after failing to validate a Mega Millions ticket
▼ + stars: | 2024-02-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

A winning $36 million lottery ticket went unclaimed in Florida. The would-be winner missed the deadline to claim their winnings after a 180-day window. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A lottery participant lost out on $36 million when they failed to announce their winning ticket before the deadline, said the Florida Lottery. The 180-day claim period for the Mega Millions August drawing ended with the 11th of February deadline.

Persons: — Organizations: Service, Florida Lottery, Business Locations: Florida

The odds of winning a Powerball grand prize are 1 in 292 million. AdvertisementAdvertisementIt's common knowledge that the odds of winning big in the lottery are incredibly low. The chances of winning a Powerball grand prize are about 1 in 292 million, and about 1 in 302 million for a Mega Millions grand prize. The biggest Powerball jackpot to date was a $2.04 billion prize, won in California in November 2022. From multi-million dollar homes to medical bills, here's how lottery winners are spending their cash prizes.

Persons: they'd, they've Organizations: North American Association of State, Provincial Locations: California

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