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Mega Millions Jackpot Once Again Gets Closer to $1 Billion.

Mega Millions Jackpot Once Again Gets Closer to  Billion.

The Mega Millions jackpot survived Tuesday night’s draw. The estimated jackpot prize is $940 million, which will likely hit the billion-dollar mark in the subsequent interest.

Jackpot in Mega Millions Survives Tuesday Drawing

At the start of this week, there were approximately 2.9 million winning Mega Millions tickets. Prices started at $2 million to $4 million, but the grand prize remained intact. Nonetheless, six tickets matched five white balls, which awarded the lucky winners the second-best prize. Three tickets were sold in Virginia, Texas, and Maryland, each winning the standard price of $1 million.

On the other hand, three-second best-priced tickets were sold in South Dakota, Mississippi, and Arizona. These tickets included an additional $1 Megaplier purchase, increasing the price four times to $4 million each. Indeed, the lucky winners from Mississippi and South Dakota bagged the biggest Mega Millions prizes in the two states. During the January 3 draw in the US, 68 tickets matched four white balls along with the Mega Ball, giving them third place. Price.

Of this total, 12 entries were paid out to a Megaplier, resulting in $40,000 each, while 56 entries awarded the lucky winners $10,000 each.

The Winner of the Jackpot Can Collect Cash or Installment Payments

The Mega Millions jackpot is currently the fourth largest at an estimated $940 million. Considering it can get even more significant for the next draw, it’s likely to surpass the third largest jackpot, which was $1.05 billion and came back in January 2021. The second largest jackpot, or $1.34 billion, was won in Illinois last July.

But in September, two people who wished to remain anonymous won the second-largest jackpot in the US. A ticket in South Carolina won an unbelievable sum. Taking into account the amount of the win, the jackpot winner can choose a cash payment option or pay in installments.

The estimate of $940 million represents a cash option of $483.5 million. It is essential to mention that the amount would also be taxable, reducing it even further. If the winner chooses to pay in installments, he can receive the amount over almost 30 years. The next Mega Millions draw is scheduled for this Friday, January 6, 2023, and it will be interesting to see if the jackpot survives and continues to grow.

Nationwide, 68 entries featuring four cue balls plus the Mega Ball won the third-tier prize. Twelve tickets cost $40,000 each because they include the optional Megaplier. The other 56 Tier 3 winning tickets are each worth $10,000. Six Mega Millions jackpots were awarded in 2022, ranging from $20 million in Tennessee to $1.337 billion in Illinois and everything in between.

The last jackpot was a $502 million split between California and Florida, winning tickets on October 14.

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