$521 MILLION: Mega Millions jackpot raised due to surging sales

Mar 30, 2018, 12:25 pm (51 comments)

Mega Millions

By Todd Northrop

A rush of ticket sales for the half-billion-dollar Mega Millions jackpot has prompted lottery officials to revise their estimate for the Friday night drawing to $521 million.

The all-important lump-sum cash value is now estimated to be a staggering $317.2 million.

Friday's drawing will be the 24th since Mega Millions had a winner. The current jackpot run-up started on Jan. 9 as a $40 million grand prize.

According to the Maryland Lottery, if nobody wins the Friday jackpot, the jackpot for Tuesday, April 3 will be $612 million, making it the 3rd-largest in Mega Millions history and the 5th-largest in U.S. jackpot history. (See the top-25 cash and annuity jackpots below.)

Lottery players seeking to check the winning numbers Friday night are urged to use USA Mega (www.usamega.com). State lottery Web sites are normally sluggish or brought to a standstill during busy periods, while USA Mega normally remains responsive.

Mega Millions drawing results will be posted immediately after the 11:00 pm drawing at USA Mega. The number of winners and new jackpot will be announced after all participating states have reported their data, which normally occurs within a few hours after the drawing.

Tickets will remain on sale typically until 10:45 pm Eastern Time on Friday, although players should check with a lottery retailer in their state for the exact sales cutoff time. (Every state is different.)  Players are strongly advised not to wait until the last minute.

The odds of winning the jackpot are approximately 1 in 302 million. The odds of winning any of the Mega Millions prizes are 1 in 24.

Mega Millions tickets cost $2 each. For an extra $1 per ticket players can purchase the Megaplier option, which multiplies any non-jackpot won by up to 5 times, depending on the Megaplier number drawn that evening.

The only state that does not offer the Megaplier is California, because state law banning fixed lottery prize amounts is not compatible with the fixed nature of the Megaplier payouts.

Lottery players can see an after-tax analysis of the current Mega Millions jackpot by visiting USA Mega's Jackpot Analysis page.

Mega Millions features nine different prize levels, ranging from $2 all the way up to the jackpot. Players can win even if they just match one number — the Mega Ball number.

Top 25 United States lottery jackpots of all time

Friday's Mega Millions jackpot currently stands as the 7th-largest lottery jackpot of all time in the United States.

  1. Powerball: $1.5864 billion, Jan. 13, 2016 - California, Florida, Tennessee
  2. Powerball: $758.7 million, Aug. 23, 2017 - Massachusetts
  3. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  4. Mega Millions: $636 million, Dec. 17, 2013 - California, Georgia
  5. Powerball: $590.5 million, May 18, 2013 - Florida
  6. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
  7. Powerball: $564.1 million, Feb. 11, 2015 - North Carolina, Puerto Rico, Texas
  8. Powerball: $559.7 million, Jan. 6, 2018 - New Hampshire
  9. Mega Millions: $536 million, Jul. 8, 2016 - Indiana
  10. Mega Millions: $521 million, Mar. 30, 2018 - Preliminary estimate, not won yet
  11. Powerball: $487 million, Jul. 30, 2016 - New Hampshire
  12. Powerball: $456.7 million, Mar. 17, 2018 - Pennsylvania
  13. Mega Millions: $451 million, Jan. 5, 2018 - Florida
  14. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
  15. Powerball: $447.8 million, Jun. 10, 2017 - California
  16. Powerball: $435.3 million, Feb. 22, 2017 - Indiana
  17. Powerball: $429.6 million, May 7, 2016 - New Jersey
  18. Powerball: $425.3 million, Feb. 19, 2014 - California
  19. Powerball: $420.9 million, Nov. 26, 2016 - Tennessee
  20. Mega Millions: $414 million, Mar. 18, 2014 - Florida, Maryland
  21. Powerball: $399.4 million, Sep. 18, 2013 - South Carolina
  22. Mega Millions: $393 million, Aug. 11, 2017 - Illinois
  23. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  24. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  25. Powerball: $365 million, Feb. 18, 2006 - Nebraska

For those keeping score, the number of jackpots in the top 25, by lottery game, are:

  • Powerball: 16
  • Mega Millions: 9

Top 25 cash value jackpots

Since many lottery winners collect their winnings in cash, the lump-sum payout is an important measure of what a winning ticket could be worth.

Looking at the cash value, the upcoming Mega Millions jackpot ranks as the 11th-largest cash value in U.S. history.

  1. Powerball: $983.5 million cash, Jan. 13, 2016 ($1.5864 billion annuity) - California, Florida, Tennessee
  2. Powerball: $480.5 million cash, Aug. 23, 2017 ($758.7 million annuity) - Massachusetts
  3. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  4. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  5. Powerball: $381.1 million cash, Feb. 11, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
  6. Mega Millions: $378 million cash, Jul. 8, 2016 ($536 million annuity) - Indiana
  7. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  8. Powerball: $352 million cash, Jan. 6, 2018 ($559.7 million annuity) - New Hampshire
  9. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($636 million annuity) - California, Georgia
  10. Powerball: $336.8 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire
  11. Mega Millions: $317.2 million cash, Mar. 30, 2018 ($521 million annuity) - Preliminary estimate, not won yet
  12. Powerball: $284 million cash, May 7, 2016 ($429.6 million annuity) - New Jersey
  13. Mega Millions: $281.9 million cash, Jan. 5, 2018 ($451 million annuity) - Florida
  14. Powerball: $279.1 million cash, Jun. 10, 2017 ($447.8 million annuity) - California
  15. Powerball: $273.9 million cash, Mar. 17, 2018 ($456.7 million annuity) - Pennsylvania
  16. Powerball: $263.5 million cash, Feb. 22, 2017 ($435.3 million annuity) - Indiana
  17. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
  18. Powerball: $254.7 million cash, Nov. 26, 2016 ($420.9 million annuity) - Tennessee
  19. Mega Millions: $246.5 million cash, Aug. 11, 2017 ($393 million annuity) - Illinois
  20. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  21. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  22. Mega Millions: $230.9 million cash, Mar. 18, 2014 ($414 million annuity) - Florida, Maryland
  23. Powerball: $227.8 million cash, Feb. 19, 2014 ($425.3 million annuity) - California
  24. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  25. Powerball: $223.3 million cash, Sep. 18, 2013 ($399.4 million annuity) - South Carolina

The number of cash value jackpots in the top 25, by lottery game, are:

  • Powerball: 16
  • Mega Millions: 9

Lottery Post Staff

Comments

s5thomps's avatars5thomps

I guess the  time to strike is now! No better time than the present! That's why we call it a gift. The future is not certain.

Good luck everyone!

music*'s avatarmusic*

The thirty-year annuity would be tempting if I was forty years younger. I will be satisfied with the lump-sum cash value. Most of us here could do so much good with $317.2 million. 

 LP and USAMEGA could see a lot of traffic tonight. 

 By the way, most banks will probably be closed this Saturday due to it being Easter weekend. We cannot get to our safety deposit boxes until Monday.

Party

hearsetrax's avatarhearsetrax

Skeptical going to be a most curious evening

CDanaT's avatarCDanaT

<looking at the homepage of the MM> 

HMMMMM???......   "$521 Million ...Cash option: $31 Million"   Hit With Stick

music*'s avatarmusic*

Quote: Originally posted by CDanaT on Mar 30, 2018

<looking at the homepage of the MM> 

HMMMMM???......   "$521 Million ...Cash option: $31 Million"   Hit With Stick

Do you see a mistake? Or are you overwhelmed with the numbers and amounts of cash? 

dpoly1's avatardpoly1

I couldn't resist LOL

  • New-2017-Bentley-Mulsanne
CDanaT's avatarCDanaT

Quote: Originally posted by music* on Mar 30, 2018

Do you see a mistake? Or are you overwhelmed with the numbers and amounts of cash? 

music*'s avatarmusic*

Now I see said the blind man. There was not a mistake on USAMega but on a website I rarely use. Thanks.

music*'s avatarmusic*

Quote: Originally posted by dpoly1 on Mar 30, 2018

I couldn't resist LOL

  • New-2017-Bentley-Mulsanne

A Cadillac. A gas guzzler. You will be visiting the gas station often.

 At least you will have a very comfortable ride. Enjoy!Party

CDanaT's avatarCDanaT

Quote: Originally posted by music* on Mar 30, 2018

A Cadillac. A gas guzzler. You will be visiting the gas station often.

 At least you will have a very comfortable ride. Enjoy!Party

Cadillac ???  LOLOLOL..come awwwn Music,put yer bifocals on.. That's a Bentley.. besides,DPOLY1 never posts anything else

music*'s avatarmusic*

Quote: Originally posted by CDanaT on Mar 30, 2018

Cadillac ???  LOLOLOL..come awwwn Music,put yer bifocals on.. That's a Bentley.. besides,DPOLY1 never posts anything else

a Bentley? This is even worse. A foreign car. 

I am bullish on America. 

thanks for the help CDanaT. Cool

hearsetrax's avatarhearsetrax

Quote: Originally posted by dpoly1 on Mar 30, 2018

I couldn't resist LOL

  • New-2017-Bentley-Mulsanne

I see your Bentley and raise you one of these

Todd's avatarTodd

Quote: Originally posted by CDanaT on Mar 30, 2018

www.megamillions.com/

Take a look

Who bothers using that website? Big Grin

dpoly1's avatardpoly1

Quote: Originally posted by music* on Mar 30, 2018

A Cadillac. A gas guzzler. You will be visiting the gas station often.

 At least you will have a very comfortable ride. Enjoy!Party

A Bentley Mulsanne actually!

Affordable if I win the Jackpot!

I sat in the back seat of one exactly like this one in Pittsburgh!

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