$242 MILLION: Mega Millions lottery jackpot continues to climb

Dec 30, 2010, 2:37 pm (36 comments)

Mega Millions

Interest peaking in Friday's mega-draw

By Todd Northrop

What started yesterday as a $237 million jackpot estimate has become a $242 million estimate a day later.

Lottery officials have raised the official annuity jackpot estimate for tomorrow night's Mega Millions drawing to $242 million.

The cash option likewise has been raised another $3.2 million to a whopping $154 million.

Lottery players interested in learning how taxes will affect the annuity and cash payouts can visit USA Mega's Jackpot Analysis page.

When an official jackpot estimate is raised prior to the drawing, it is a sure sign of astronomical sales.  The interest in the Mega Millions drawing Friday is being sparked by a combination of the New Year's Eve drawing date, plus the fact that a jackpot this large hasn't been seen since May.

If nobody hits the jackpot Friday, the new Mega Millions jackpot will surely be the largest since August 28, 2009, when two winning tickets from California and New York took down a $336 million mega-jackpot. 

The cash value of that drawing was $210 million. 

The Mega Millions drawing will be held Friday at 11:00 pm Eastern Time.  The winning numbers will be published right after the drawing at USA Mega (www.usamega.com).

Lottery Post Staff

Comments

KSplayer's avatarKSplayer

i will be clicking my red shoes together and dreaming of Kansas......theres no place like home!!!!!!!!!!

i have my ticket ready to claim my jackpot prize monday morning anonymously of course

 

 

DREAMS DO COME TRUE!!!!!!!!!!!Blue Angel

luisM

I found the lottery analysis from USA Mega very helpful. It looks like New Jersey takes a hefty tax out of your winnings. I was also surprised that California has no state tax on lottery winnings. Perhaps another reason why California is always in a financial crisis. Go figure.

luisM

Quote: Originally posted by KSplayer on Dec 30, 2010

i will be clicking my red shoes together and dreaming of Kansas......theres no place like home!!!!!!!!!!

i have my ticket ready to claim my jackpot prize monday morning anonymously of course

 

 

DREAMS DO COME TRUE!!!!!!!!!!!Blue Angel

Very funny post KSplayer. What about theWiced Witch of the West (aka Joan Ginther) she may come along and take your winnings.

PS. I have no ill will against 4 time lottery winner Joan. I'm just trying to be funny.

dpoly1's avatardpoly1

Alright !

I can get a $100 Million EFT from the PA Lottery early next year !

One Ticket - One Winner !

Party The only way I will go green ! Green with money !

I'm dreaming of a Green New Years !

KSplayer's avatarKSplayer

Quote: Originally posted by luisM on Dec 30, 2010

Very funny post KSplayer. What about theWiced Witch of the West (aka Joan Ginther) she may come along and take your winnings.

PS. I have no ill will against 4 time lottery winner Joan. I'm just trying to be funny.

I hope not i might just have to drop a house on her luisM 

same here no ill will just being funnyBig Smile

luisM

I think it's great that you get to claim anonymously in Kansas. Here in Florida no way. There was a lottery winner who was murdered over his winnings. I say change the law so you remain anonymous for safety

butterflykt's avatarbutterflykt

Quote: Originally posted by luisM on Dec 30, 2010

I found the lottery analysis from USA Mega very helpful. It looks like New Jersey takes a hefty tax out of your winnings. I was also surprised that California has no state tax on lottery winnings. Perhaps another reason why California is always in a financial crisis. Go figure.

No state tax on winnings in Washington either, a different story if I cross the bridge into Oregon.  I'll buy three tickets for tomorrow's drawing.  I wouldn't care if I had to split the money with ten people.  Some money is better than no money and lord knows I need it.

KSplayer's avatarKSplayer

Quote: Originally posted by luisM on Dec 30, 2010

I think it's great that you get to claim anonymously in Kansas. Here in Florida no way. There was a lottery winner who was murdered over his winnings. I say change the law so you remain anonymous for safety

I agree if and you have kids it is even more important you never know what kind of crazy people are out there and what they will do for money

luisM

Also another bad thing about Florida is that Blind Trusts are not allowed. You can claim with a trust but the trustee's name is published. same deal with LLC's ;-(

sully16's avatarsully16

When I went to play my midday numbers the store was already lined up with meag-millions players.

My husband got 5 easy picks, I'll pick my own.

barbos's avatarbarbos

Letit grow, letit grow, letit grow!  Hyper

RJOh's avatarRJOh

With the amount of interest being shown for Friday's MM drawing, LP could set new record Friday night for the number of people on line.

ttech10's avatarttech10

I was having a feeling it would be raised again. I've seen so many people buying them compared to almost none, I've even seen a few people in the 20-30 age range getting some.

 

Looks like I gotta get out and pick up a few more before tomorrow night.

spaconbe2

I had a dream I played those numbers 02, 17, 20, 48, 51 and megaball 13...Anyone who want can try their luck using those numbers. I don't want to win by myself. Good luck to all

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