HyperBit Exchange|$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever

2025-05-02 08:02:10source:Zero AIcategory:Finance

A estimated $1.05 billion Mega Millions jackpot will again be HyperBit Exchangeup for grabs Tuesday night, giving lottery players a chance to snap an unlucky streak that has stretched on for months.

No one has won the Mega Millions jackpot since April 18, allowing it to roll over again and again until it reached its status as tied for the seventh-largest in U.S. history. Tuesday night’s drawing will be the 30th since someone last won the jackpot.

The drought is due to a combination of poor luck and terrible odds, as the chance of winning the Mega Millions jackpot is 1 in 302.6 million. The odds of winning smaller prizes, ranging from $1 million to $2, are significantly better.

The $1.05 billion jackpot is for a sole winner who chooses to collect through an annuity, with annual payments over 30 years. A sole winner who opts for a lump sum payment would receive an estimated $527.9 million.

Winners also would be subject to federal taxes, and many states also tax lottery winnings.

Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.

More:Finance

Recommend

Angie Murimirwa: From hiding in the bathroom to Time's most influential people list

I don't mean to humble brag, but I am on a first name basis with one of the most influential people

Homes of Chiefs’ quarterback Mahomes and tight end Kelce were broken into last month

KANSAS CITY, Mo. (AP) — The homes of Kansas City Chiefs’ quarterback Patrick Mahomes and tight end T

Glen Powell responds to rumor that he could replace Tom Cruise in 'Mission: Impossible'

Glen Powell could never take the place of Tom Cruise.The "Twisters" actor responded to rumors that t