Mega Millions sets world record with $1.6 billion lottery jackpot for Tuesday drawing

Oct 20, 2018, 6:57 am (503 comments)

Mega Millions

Jackpot surpasses previous mark held by January 2016 Powerball drawing

It's anybody's guess how high it will get

By Todd Northrop

A Mega Millions jackpot roll that had already made history has now reached a new world record for the biggest lottery jackpot ever.

After lottery officials worked into the early hours of the morning processing the hundreds of millions of lottery tickets sold for the Friday drawing, it was determined that there was no jackpot winner, propelling the new Mega Millions jackpot to a record $1.6 billion.

The big drawing will be held on Tuesday, Oct. 23, with an estimated cash option worth $904.9 million.

At $1.6 billion, Tuesday's Mega Millions drawing slipped past the $1.586 billion Powerball drawing on January 13, 2016, to become the largest lottery jackpot in history. Winners in California, Florida, and Tennessee shared the record Powerball prize.

"Mega Millions has already entered historic territory, but it's truly astounding to think that now the jackpot has reached an all-time world record," said Gordon Medenica, Lead Director of the Mega Millions Group and Director of Maryland Lottery and Gaming. "It's hard to overstate how exciting this is — but now it's really getting fun."

Lottery players wondering what all the cash will look like in their bank account after the initial federal and state tax withholdings can see an after-tax analysis of the current Mega Millions jackpot by visiting USA Mega's Jackpot Analysis page.

The previous record Mega Millions jackpot was $656 million, which was shared by winners in Kansas, Illinois, and Maryland in the drawing on March 30, 2012.

The last Mega Millions jackpot hit was in the drawing held July 24, 2018, when a group of 11 co-workers in California shared a $543 million prize. There have been 25 drawings without a jackpot winner since then, but there have been more than 34.4 million winning tickets sold across the game's nine prize levels.

The winning numbers for the October 19 drawing were: 15, 23, 53, 65, and 70, with Mega Ball number 7. The Megaplier was 2.

The rush of ticket sales over the next few days likely will propel the jackpot to an even higher amount before the drawing takes place Friday. Lottery Post and USA Mega will update the jackpot tallies displayed if such an increase occurs.

The quickest way to find the winning numbers after the drawing Friday will be by visiting USA Mega (www.usamega.com) at 11:00 pm Eastern Time (8:00 pm Pacific), when the winning numbers will be published live as they are drawn.

Reports of long lines and near pandemonium at lottery retailers were rampant leading up to the Friday drawing.  To help avoid that problem for the Tuesday drawing, lottery players are urged to download the free Lottery Places app (for iPhone, Android, and Windows).  Lottery Places is the only app available that can locate lottery retailers in every state and jurisdiction throughout the United States, and can even locate retailers across state lines.

Michigan lottery players can bypass the store completely and buy their Mega Millions lottery tickets online.  Players outside the USA can use a reputable butler service, which provides scanned copies of the purchased lottery tickets securely held on behalf of the customer.

Whatever you do, don't wait.  Lottery officials stress the importance of not waiting until the last minute to buy lottery tickets for this historic jackpot.

In the Friday Mega Millions drawing, although there was no jackpot winner, 15 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from California, 1 from Florida, 2 from Illinois, 1 from Missouri, 1 from New Hampshire, 1 from New Jersey, 4 from New York, 2 from Texas, and 2 from Virginia.

The California second-prize winner will be awarded a whopping $3,404,526 instead of the fixed $1 million prize awarded in the other states, due to the state's pari-mutuel prize payouts. By law, California awards all lottery prizes on a pari-mutuel basis, meaning the prizes will change each drawing based on the number of tickets sold within California and the number of tickets that won at each prize level in the state. This drawing the pari-mutuel prize calculation meant a much larger prize than normal, as one winner took the entire second-prize pool.

Only one of the second-prize tickets sold in Texas was purchased with the Megaplier option for an extra $1 per play, doubling the prize to $2 million since the Megaplier was 2.  The Megaplier option is not available in California, because the fixed nature of the prize increase offered with the Megaplier is not compatible with California's pari-mutuel payouts.

Also, a total of 289 tickets matched four of the first five numbers plus the Mega Ball to win a $10,000 prize. Of those tickets, 35 were purchased with the Megaplier option, increasing the prize to $20,000, and 44 were sold in California, where the prize awarded this drawing is $10,719.

Following the Friday drawing, the Mega Millions annuity jackpot estimate was raised $600 million from its previous amount of $1 billion. The cash value was raised by $339.3 million from its previous amount of $565.6 million.

Mega Millions is currently offered for sale in 44 states, plus Washington, D.C. and the U.S. Virgin Islands. Drawings are Tuesdays and Fridays at 11:00 pm Eastern Time. Tickets cost $2 each.

The Mega Millions winning numbers are published at USA Mega (www.usamega.com) minutes after the drawing takes place.

Top 25 United States lottery jackpots of all time

Tuesday's Mega Millions jackpot currently stands as the largest lottery jackpot in world history.  Undoubtedly record numbers of lottery tickets will be sold this weekend, possibly sending the jackpot even higher by draw time.

  1. Mega Millions: $1.6 billion, Oct. 23, 2018 - Preliminary estimate, not won yet
  2. Powerball: $1.5864 billion, Jan. 13, 2016 - California, Florida, Tennessee
  3. Powerball: $758.7 million, Aug. 23, 2017 - Massachusetts
  4. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  5. Mega Millions: $636 million, Dec. 17, 2013 - California, Georgia
  6. Powerball: $590.5 million, May 18, 2013 - Florida
  7. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
  8. Powerball: $564.1 million, Feb. 11, 2015 - North Carolina, Puerto Rico, Texas
  9. Powerball: $559.7 million, Jan. 6, 2018 - New Hampshire
  10. Mega Millions: $543 million, Jul. 24, 2018 - California
  11. Mega Millions: $536 million, Jul. 8, 2016 - Indiana
  12. Mega Millions: $533 million, Mar. 30, 2018 - New Jersey
  13. Powerball: $487 million, Jul. 30, 2016 - New Hampshire
  14. Powerball: $470 million, Oct. 20, 2018 - Preliminary estimate, not won yet
  15. Powerball: $456.7 million, Mar. 17, 2018 - Pennsylvania
  16. Mega Millions: $451 million, Jan. 5, 2018 - Florida
  17. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
  18. Powerball: $447.8 million, Jun. 10, 2017 - California
  19. Powerball: $435.3 million, Feb. 22, 2017 - Indiana
  20. Powerball: $429.6 million, May 7, 2016 - New Jersey
  21. Powerball: $425.3 million, Feb. 19, 2014 - California
  22. Powerball: $420.9 million, Nov. 26, 2016 - Tennessee
  23. Mega Millions: $414 million, Mar. 18, 2014 - Florida, Maryland
  24. Powerball: $399.4 million, Sep. 18, 2013 - South Carolina
  25. Mega Millions: $393 million, Aug. 11, 2017 - Illinois

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

  • Powerball: 15
  • Mega Millions: 10

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 2nd-largest cash value in world history.

  1. Powerball: $983.5 million cash, Jan. 13, 2016 ($1.5864 billion annuity) - California, Florida, Tennessee
  2. Mega Millions: $904.9 million cash, Oct. 23, 2018 ($1.6 billion annuity) - Preliminary estimate, not won yet
  3. Powerball: $480.5 million cash, Aug. 23, 2017 ($758.7 million annuity) - Massachusetts
  4. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  5. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  6. Powerball: $381.1 million cash, Feb. 11, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
  7. Mega Millions: $378 million cash, Jul. 8, 2016 ($536 million annuity) - Indiana
  8. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  9. Powerball: $352 million cash, Jan. 6, 2018 ($559.7 million annuity) - New Hampshire
  10. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($636 million annuity) - California, Georgia
  11. Powerball: $336.8 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire
  12. Mega Millions: $324 million cash, Mar. 30, 2018 ($533 million annuity) - New Jersey
  13. Mega Millions: $320.5 million cash, Jul. 24, 2018 ($543 million annuity) - California
  14. Powerball: $284 million cash, May 7, 2016 ($429.6 million annuity) - New Jersey
  15. Mega Millions: $281.9 million cash, Jan. 5, 2018 ($451 million annuity) - Florida
  16. Powerball: $279.1 million cash, Jun. 10, 2017 ($447.8 million annuity) - California
  17. Powerball: $273.9 million cash, Mar. 17, 2018 ($456.7 million annuity) - Pennsylvania
  18. Powerball: $268.6 million cash, Oct. 20, 2018 ($430 million annuity) - Preliminary estimate, not won yet
  19. Powerball: $263.5 million cash, Feb. 22, 2017 ($435.3 million annuity) - Indiana
  20. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
  21. Powerball: $254.7 million cash, Nov. 26, 2016 ($420.9 million annuity) - Tennessee
  22. Mega Millions: $246.5 million cash, Aug. 11, 2017 ($393 million annuity) - Illinois
  23. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  24. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  25. Mega Millions: $230.9 million cash, Mar. 18, 2014 ($414 million annuity) - Florida, Maryland

The number of jackpot cash values in the top 25, by lottery game, are:

  • Powerball: 14
  • Mega Millions: 11

Lottery Post Staff

Comments

I*won

What??? 

$1.60
BILLION
Cash Option: $904 million
Now it's on!!!
That's almost a $billion take home. 
Powerball will soar too!
delS

I remember, being a member here at LP since 2005, when it was a big deal when Jackpots crossed the $300 million threshold, and the dream of watching the Jackpots ever reaching $400 million was looked at as dreaming over the top. Just the thought that we are on the brink of a Jackpot potentially reaching $2 BILLION now, is mind blowing. Simply mind blowing.  I'm ALL IN. Let's do this!

Grovel's avatarGrovel

I wonder how much it is going to roll just today.

CDanaT's avatarCDanaT

$904.9 MILLION  CASH ................(minus applicable 37% fed taxes,of course)...................

                  $570,087,000.     Take home

 

                             Thud

EnReval

I believe PB if not won tonight, will shoot up to at least $600mil.

I*won

People will probably be begging, borrowing, and stealing to get their hands on this.

I wonder how the economy will hold up since the holiday season is just around the corner.

maximumfun's avatarmaximumfun

Quote: Originally posted by CDanaT on Oct 20, 2018

$904.9 MILLION  CASH ................(minus applicable 37% fed taxes,of course)...................

                  $570,087,000.     Take home

 

                             Thud

I Agree!  That definitely isn't chump change!

CDanaT's avatarCDanaT

Just think:   1 person/904 Million.....That's almost in the DNA test results range of certain elected officials         astronomical

Artist77's avatarArtist77

Quote: Originally posted by CDanaT on Oct 20, 2018

Just think:   1 person/904 Million.....That's almost in the DNA test results range of certain elected officials         astronomical

Lol. Lol And if you noted, the average American has better "odds" than that number!

Albeone

Quote: Originally posted by EnReval on Oct 20, 2018

I believe PB if not won tonight, will shoot up to at least $600mil.

If it rolls PB will be $620M/$354.3M tomorrow morning.

Albeone

 I was just looking at the jackpot list and realized if PB rolls tonight we could have 2 top five jackpots of all time being drawn next week!

music*'s avatarmusic*

Never say Never.  A single ticket owned by a single person could win this jackpot.

 Then again a record-breaking pool could win it. 

 A record number of tickets could do the job as well.

 MM is an equal opportunity game.

weshar75's avatarweshar75

Mega Millions rolls to a new annuity record but still has to get about $75 million in cash some were to beat powerball from 2016.  I think mega can do it.-weshar75

US Flag

lowellm

Well. That just happened... Next stop: $2,000,000,000, arriving Tuesday night!

jjtheprince14

Is it likely there will be no winners Tuesday?

lowellm

Quote: Originally posted by jjtheprince14 on Oct 20, 2018

Is it likely there will be no winners Tuesday?

No. But, then again, it wasn't very likely last night. There will be 3x the ticket sales for Tuesday, though.

weshar75's avatarweshar75

When some one in the USA wins this jackpot I think their will be happy people too because we can stop spending on this jackpot run.-weshar75

US Flag

lowellm

Quote: Originally posted by CDanaT on Oct 20, 2018

Just think:   1 person/904 Million.....That's almost in the DNA test results range of certain elected officials         astronomical

Bwahaha! (I mean, yes... Yes it is astronomical!) ;)

vbrich

This is just stupid amount of money and it will grow. I will say 2B by next draw. 

I will play my usual 3 lines. 

Let me win so our generations and generations can live without worrying about money.

Rman313's avatarRman313

CoolHello Rolls Royce!!! LOL

reddog's avatarreddog

Now would be the time to do like that guy did, get his organisation in tact from all over the US and buy, buy ,buy !!

reddog's avatarreddog

Quote: Originally posted by reddog on Oct 20, 2018

Now would be the time to do like that guy did, get his organisation in tact from all over the US and buy, buy ,buy !!

This group of people would have to be well trusted. 25 mega balls, 7 people assigned to 3 mega balls per , one person would have 4. They got 4 days to play all the pre-made slips. It's possible.

CDanaT's avatarCDanaT

Quote: Originally posted by Rman313 on Oct 20, 2018

CoolHello Rolls Royce!!! LOL

lowellm

Quote: Originally posted by CDanaT on Oct 20, 2018

https://www.avbuyer.com/aircraft/private-jets/gulfstream/g450/354044

Approve

I prefer the Bombardier Global 7500. More leg room.

Horsegeek40

$1.6 billion? Reassessing my dream farm size. May add steer for freezer beef to creature purchasing. Eek

scarchelli's avatarscarchelli

So 1.77 bil to get 1 bil cash.  I honestly hope like 10 people win this and end up walking away with ~60mil after taxes.  Spread the wealth!

lowellm

Quote: Originally posted by lowellm on Oct 20, 2018

I prefer the Bombardier Global 7500. More leg room.

But then again, Gulfstream is an American made product... So, I'd probably go with them. (Decisions, decisions...)

msharkey2001's avatarmsharkey2001

Quote: Originally posted by vbrich on Oct 20, 2018

This is just stupid amount of money and it will grow. I will say 2B by next draw. 

I will play my usual 3 lines. 

Let me win so our generations and generations can live without worrying about money.

Many many generations for sure. If I ever won that kind of cash I would add to the family by adopting 3 or 4 kids who’s descendents would hopefully work for the betterment of humanity.

mikeintexas's avatarmikeintexas

Quote: Originally posted by Horsegeek40 on Oct 20, 2018

$1.6 billion? Reassessing my dream farm size. May add steer for freezer beef to creature purchasing. Eek

Wagyu

Redd55

MM went from $667 Mil to $1 Bil in 3 days.  So, I'm sure it will go from $1.6 Mil to above $2 Bil in 4 days.  Wink

Tried to buy tickets this a.m. at two places, but the computers are down in dear old Cali.  Mad

wander73's avatarwander73

One or two people didn't believe me.  I told some no one would hit last night.  I predict three winning tickets actually.   Since you have two teams projected world series New England area a winning ticket,  Ca  a winning ticket and I think Florida.  Take a look at the 23'rd for any history.

lowellm

To state the obvious: That's a lot of Doh-Ray-Me! Without hurting the principal (never spending a dime of the $500M+ after tax CV), this thing would throw off more than $1,000,000 per month in dividend income, after taxes, just with boring old safe investments. Meanwhile the principal will grow and grow and grow...

Toronto

Move over Kylie Jenner, I’ll be a billionaire real soon!

Horsegeek40

If I win, I will look into not your typical beef cattle. Wink  redo my list. Again!!!!Big Grin

Horsegeek40

If you win this monster Tuesday night, would you have to make educated guess on lawyer you hire or go with one you already know/have?

Cruzincat

I got up this morning and emailed this to my kids:

 

10/20/2018

 

About the Mega millions Jackpot:

 

Don’t go crazy buying tickets. If you are like most people, you love to dream of winning the big one.  It only takes buying one ticket to allow you to dream about what you would do with that kind of money. So, go ahead and buy one so you can get excited for a couple days. Even if you buy two, and, yes it does double your odds of winning, the chances of you winning are still pretty bad. Unless you pick the same numbers, only one ticket you have is going to win, if you do beat the odds.

 

What if you do win?  First off, take a picture of it and put it away in a safe place.  I assume you will consider sharing the win with relatives and possibly more, including a charity.  If you claim the prize for yourself and then distribute the money, you will be paying the full amount of taxes plus any amount you give to someone else will be taxed as a gift.

 

The official lotteries of some states tell you to sign the back of it immediately.  That is to keep someone from stealing it and cashing it in for themselves.  That may be true, but if you want to maintain anonymity, it may not be a good idea to sign it right away, depending on what state you are in.  I have heard in Maryland, for example that, once you sign the ticket, the name on the ticket cannot remain anonymous.  Plus, you might be giving up the opportunity to distribute the winnings before taxes, allowing each individual you want to share it with to determine how they will deal with the windfall.  So, take the picture of it in case someone does manage to steal it and tries to cash it in, so you can report the theft and have a chance to recover it.

 

Get a lawyer or a CPA to set up a trust with a unique name to put on the back of the slip. Have that representative contact the lottery HQ in the state you are in, on your behalf, to see what is necessary to maintain your anonymity.  Few lawyers or CPAs have been in this situation, so they may have to look into the ways and means of dealing with this issue.

 

$1.6B is a huge amount of money that can help relatives and heirs for many years into the future.  Maybe even forever if handled right.  People can burn through it pretty fast if they are not careful.  Consider your age and what you could do with a portion of the money in your lifespan that remains, as well as the people you would share it with in their life that remains.  With this size of a jackpot, I would first figure out how much to allot to each of my kids on a percentage basis.  Since I am already retired, I won’t need a whole lot for us to live very comfortably for the rest of our lives, so a bigger percentage would go for our kids and grandkids and future generations.  I would take steps to ensure that this large sum would be around for many generations to follow, by giving out lump sums first, so people can exercise their dreams, but the biggest share of the money, I would put into trusts that would continue to grow, while paying out a portion of earnings on a regular basis, so all my descendants would be comfortable for as long as I could possibly live and for many years after that.

 

Anyway, this is some of the stuff I dream about and think about how I would deal with it if I would get so lucky. Just wanted you all to know that you are all in my dreams.

 

(Cruzincat)

vbrich

Yup. 

That's my plan. 

Set up Family Office let them take care of everything at low risk investments 3-5% max. Have them hire couple of family assistants. So if someone in our family wants Michelin 3 star dinner in Paris with a view next Saturday, they make it happen. Wants a Luxurious Caribbean getaway, done.

I am still young enough at 40s and my wife at early 30s, have another child or two. Adapt few more and share wealth, do charitable stuff. 

Ah--- . Stupid amount of money but that would be great life. I look over Family office during the day and have a lot of time off...

lowellm

Quote: Originally posted by Horsegeek40 on Oct 20, 2018

If you win this monster Tuesday night, would you have to make educated guess on lawyer you hire or go with one you already know/have?

I'd go through my trust attorneys, but have them work with Jason Kurland. He's a well known lottery lawyer, has represented several huge winners in the past.

dpoly1's avatardpoly1

Uh Oh!

Dance

JBounds's avatarJBounds

Imagine winning both the Powerball and MM.  If someone were that lucky

TheMeatman2005's avatarTheMeatman2005

Well.....I didn't win either, so no calling out RICH from work for me.

Conversation would go something like this......

Me: Hello boss, I'm calling out RICH.

Boss: What? You're SICK?

Me: No! I'M RICH, not sick! Stinking freakin' RICH!

Party

Horsegeek40

I Agree!

Power8411

Wouldn't it be a wise move to take the annuity? I mean,we are talking about a $700 mill difference here which by itself is astronomical. The first cheque itself would set you up for many years,so why bother about getting the cash option?

JADELottery's avatarJADELottery

$2,000,000,000.00+

by Tuesday

now we can think about playing

thanks for pumping it up for us

Subscribe to this news story