By Todd Northrop
Lottery officials have just announced that the jackpot for tonight's Mega Millions drawing has been raised to $1 billion, marking just the third time in history that a lottery jackpot has reached that monumental level.
The Mega Millions jackpot has grown since Sep. 18 and has rolled a record 36 times, starting at $20 million.
The lump-sum cash option now stands at $739.6 million — ranking as the third-largest cash option of all time.
Mega Millions offers two jackpot payment options: the $1 billion annuity prize paid out as one immediate payment followed by 29 annual graduated payments, or that three-quarters of a billion dollars in cash option.
Want to see how much you be left with after the taxes are taken out? Jump over to the Mega Millions Jackpot Analysis page at USA Mega, and it will show the initial withholdings by the lottery, as well as the final tax bill you'll face.
Tickets sales cutoff times vary by state, so players are strongly advised not wait until the last minute to buy tickets.
If you're not sure where to buy your tickets, head right over to the Lottery Places website to download the free app on your iOS or Android phone or Windows computer. Lottery Places is the only app on the market that will locate lottery retailers in every state and jurisdiction throughout the United States.
Some states offer direct online sales too. Michigan residents can bypass the store completely and buy Mega Millions tickets and Powerball tickets online. Texas residents can buy Mega Millions tickets and Powerball tickets online too. Oregon residents have options to buy Mega Millions tickets and Powerball tickets online as well. Note that some of these links will only work properly for residents of the states mentioned.
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. In the past, the lottery ticket service was used by people out side the USA to win big jackpots in Oregon and Florida.
Tonight after the drawing, be sure to visit USA Mega or Lottery Post's Lottery Results page for the winning numbers. Both websites will feature the results published immediately after the drawing, and both websites typically remain up-and-running normally — whereas most other websites are inaccessible due to their inability to cope with high traffic volumes.
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.
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.
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.
Top 25 United States lottery jackpots of all time
The following list shows the top 25 United States lottery jackpots of all time. Tonight's rare $1 billion Mega Millions jackpot ranks as the third-largest lottery jackpot in history.
- Powerball: $1.5864 billion, Jan. 13, 2016 (19 rollovers, starting at $40 million) - California, Florida, Tennessee
- Mega Millions: $1.537 billion, Oct. 23, 2018 (25 rollovers, starting at $40 million) - South Carolina
- Mega Millions: $1 billion, Jan. 22, 2021 (36 rollovers, starting at $20 million) - Preliminary estimate, not won yet
- Powerball: $768.4 million, Mar. 27, 2019 (25 rollovers, starting at $40 million) - Wisconsin
- Powerball: $758.7 million, Aug. 23, 2017 (20 rollovers, starting at $40 million) - Massachusetts
- Powerball: $731.1 million, Jan. 20, 2021 (35 rollovers, starting at $20 million) - Maryland
- Powerball: $687.8 million, Oct. 27, 2018 (21 rollovers, starting at $40 million) - Iowa, New York
- Mega Millions: $656 million, Mar. 30, 2012 (18 rollovers, starting at $12 million) - Illinois, Kansas, Maryland
- Mega Millions: $636 million, Dec. 17, 2013 (21 rollovers, starting at $12 million) - California, Georgia
- Powerball: $590.5 million, May 18, 2013 (13 rollovers, starting at $40 million) - Florida
- Powerball: $587.5 million, Nov. 28, 2012 (15 rollovers, starting at $40 million) - Arizona, Missouri
- Powerball: $564.1 million, Feb. 11, 2015 (20 rollovers, starting at $40 million) - North Carolina, Puerto Rico, Texas
- Powerball: $559.7 million, Jan. 6, 2018 (20 rollovers, starting at $40 million) - New Hampshire
- Mega Millions: $543 million, Jul. 24, 2018 (22 rollovers, starting at $40 million) - California
- Mega Millions: $536 million, Jul. 8, 2016 (34 rollovers, starting at $15 million) - Indiana
- Mega Millions: $533 million, Mar. 30, 2018 (23 rollovers, starting at $40 million) - New Jersey
- Mega Millions: $522 million, Jun. 7, 2019 (24 rollovers, starting at $40 million) - California
- Powerball: $487 million, Jul. 30, 2016 (23 rollovers, starting at $40 million) - New Hampshire
- Powerball: $456.7 million, Mar. 17, 2018 (19 rollovers, starting at $15 million) - Pennsylvania
- Mega Millions: $451 million, Jan. 5, 2018 (23 rollovers, starting at $15 million) - Florida
- Powerball: $448.4 million, Aug. 7, 2013 (12 rollovers, starting at $40 million) - Minnesota, New Jersey (2)
- Powerball: $447.8 million, Jun. 10, 2017 (19 rollovers, starting at $40 million) - California
- Powerball: $435.3 million, Feb. 22, 2017 (18 rollovers, starting at $40 million) - Indiana
- Powerball: $429.6 million, May 7, 2016 (18 rollovers, starting at $40 million) - New Jersey
- Powerball: $425.3 million, Feb. 19, 2014 (15 rollovers, starting at $40 million) - California
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.
The upcoming Mega Millions jackpot ranks as the third-largest cash value of all time.
- Powerball: $983.5 million cash, Jan. 13, 2016 ($1.5864 billion annuity) - California, Florida, Tennessee
- Mega Millions: $877.8 million cash, Oct. 23, 2018 ($1.537 billion annuity) - South Carolina
- Mega Millions: $739.6 million cash, Jan. 22, 2021 ($1 billion annuity) - Preliminary estimate, not won yet
- Powerball: $546.8 million cash, Jan. 20, 2021 ($731.1 million annuity) - Maryland
- Powerball: $480.5 million cash, Aug. 23, 2017 ($758.7 million annuity) - Massachusetts
- Powerball: $476.9 million cash, Mar. 27, 2019 ($768.4 million annuity) - Wisconsin
- Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
- Powerball: $396.2 million cash, Oct. 27, 2018 ($687.8 million annuity) - Iowa, New York
- Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
- Powerball: $381.1 million cash, Feb. 11, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
- Mega Millions: $378 million cash, Jul. 8, 2016 ($536 million annuity) - Indiana
- Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
- Powerball: $352 million cash, Jan. 6, 2018 ($559.7 million annuity) - New Hampshire
- Mega Millions: $347.6 million cash, Dec. 17, 2013 ($636 million annuity) - California, Georgia
- Mega Millions: $340 million cash, Jun. 7, 2019 ($522 million annuity) - California
- Powerball: $336.8 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire
- Mega Millions: $324 million cash, Mar. 30, 2018 ($533 million annuity) - New Jersey
- Mega Millions: $320.5 million cash, Jul. 24, 2018 ($543 million annuity) - California
- Mega Millions: $319.9 million cash, Jun. 9, 2020 ($414 million annuity) - Arizona
- Powerball: $284 million cash, May 7, 2016 ($429.6 million annuity) - New Jersey
- Mega Millions: $281.9 million cash, Jan. 5, 2018 ($451 million annuity) - Florida
- Powerball: $279.1 million cash, Jun. 10, 2017 ($447.8 million annuity) - California
- Powerball: $276.5 million cash, Jan. 29, 2020 ($396.9 million annuity) - Florida
- Powerball: $273.9 million cash, Mar. 17, 2018 ($456.7 million annuity) - Pennsylvania
- Powerball: $263.5 million cash, Feb. 22, 2017 ($435.3 million annuity) - Indiana
The number of cash value jackpots in the top 25, by lottery game, are:
- Powerball: 15
- Mega Millions: 10
One can almost hear Carl Sagan (or Johnny Carson) say those magic words -- "Billions and Billions"
Good Luck. Play Responsibly. Stay Safe and Well
Quick Picket or your numbers?
Just put down $72 for my own picks, $50 for QP. Net payout just went to $401 million for Vermont lump sum.
What lucky state or territory gonna win?
Good luck to all LP players.
I'm gonna say the winner will be a Utahn who bought their tickets in Idaho.
A billion places a smile on my face
Can I play on line with a credit/debit card?
Certain states have an online option, but I believe you have to be a resident of that state or be in that state to purchase a ticket via online.
I have some of both. Good luck to everyone playing today!
Everyone wants that top 5+1 jackpot spot. I'll be content with 5+0
Sorry to break the news to New York residents, but the Mega Millions Jackpot Analysis was just updated for the state, showing the new 2021 state tax rate of 9.62%. The New York Lottery has verified that they are still only withholding 8.82% at time of payout, so you'll have a little more to pay up at the end of the year.
Thanks Todd....Brooklyn, NY resident here.
I wanna be a billionaire so frickin bad
On the bright side, you still have it better than I do in New Jersey. (10.75%)
A truly historic event
I wonder if people are flocking to that store in SC that sold the previous billion dollar jackpot.
Wake me up when it gets to $2 Billion
A few hours ago we drove to Indiana and looking back @ the billboard in KY it said $999 million. Scanned my PB ticket for $12 and machine did not have megaplier but bought 3 PB and 3 MM. Coming back across the river it said $1 billion.
I was gonna get a few more lines but the ATM didn't have any cash. Oh well, it's gonna roll anyway, so I'll spend an extra $10 on the next draw.
Got my numbers and I am ready to go! I will be happy with a roll though... I want to see this thing break the record.
I got enough luck to win this jackpot or at minimum the second prize easily unless it's RIGGED that I can tell you
It looks like ticket sales will create a better than 50% chance of a winning ticket being sold somewhere. It's not a "must win" situation like in January 2016, but close. It's highly likely just like PB on Wednesday there will be only one winning ticket. The timing might be right for the MUSL people to discuss placing a jackpot limit on one of the games and increase the secondary prize amounts until the jackpot is won. Similar to the Cash Win Fall games in Massachusetts and Michigan.
The rate at which the Government is creating money out of thin air which is way over 100 Billion dollars a month,not sure if taxes are even needed at this point 😆😆😆😆😆
Money supply M2 was 15.4 Trillion in January 2020 and as of now its 19.4 Trillion 😆😆😆😆 that's 4 Trillion in 1 year
That's just the beginning. Many are saying Cuomo may raise the rate as high as 15%
You'll be sleeping for quite a while as the jackpot will be won either this evening or next Tuesday if it rolls.
Depending on in which state the winner purchases their ticket, they should take home under $250 million after taxes. It might take a few years to become a billionaire, but it's possible by taking the payments and investing the payments every year.
IMO, rather enjoy having a quarter billion than watching the interest grass needed to get a to $1 billion growing in a bank or financial institution.
I don't know any big lottery winner that were able to turn their money and got into the billionaire list
Brad Duke who in 2005 won a $220 million jackpot and took home roughly $80 million had a 15-year plan to become a billionaire. Last update I heard was that he was at around $200 million which is still not bad considering he bought himself many nice vehicles and a beautiful mansion. The financial crisis from 2008-2010 put a dent in his investments so he's got most of his money parked in conservative funds which yield substantially less.
Other lottery winners with similar winnings would have most likely been on their last million.
"you still have it better than I do in New Jersey. (10.75%)"
NYC has an income tax witha top bracket of nearly 3.9%, so the total tax bill for Meatman could be almost 13.5% on most of the income.
"It looks like ticket sales will create a better than 50% chance of a winning ticket being sold somewhere."
If it only gets to an even billion there should be about 150 million tickets sold. That means about a 61% chance of a rollover.
"Depending on in which state the winner purchases their ticket, they should take home under $250 million after taxes."
Unless there's a new state or a high rate I haven't heard about yet or you missed a typo they'll do a lot better than that. For a worst case scenario let's figure we end up with a new top federal rate of 40%, leaving a single winner with $443.76 million after writing a check to the IRS. If the winner is from NYC and pays another 13.5% they'd end up with just about $344 million.
And for everyone hoping for a roll, the powers that be at MM are really dreaming big, and will announce a new jackpot of $1.1 billion to start. I know they want to err on the safe side, but that makes me think it might finish a bit shy of an even billion tonight.
1 in 302,575,350 odds.
Don't worry about rigging. With odds like those, they don't need to rig.
I've got 2 tickets.
I have a little pool of former co-workers with 8 tickets.
Chances. That's it. Chances, and hope.
Winning at this level os scary like I would imagine your personality changing
Several million like the multiplier would suit me fine
I'd buy a sweatshirt that says Billionaire Boys Club.
Jackpot money takes some time to hit the bank
If you claim the next day it will take 7-8 weeks from there to hit your bank account
Nothing new- CA has had that setup for years.
Claim a Prize | California State Lottery
Well my qp I bought from 57th street in Manhattan...The street is also called and known as billionaires row..Because of the number of billionaires that have apartments/Penthouse/condos in this street which includes former President DJ Trump
Is Trump still a Billionaire?
Probably yes or maybe no 😆😆😆😆 who knows
I would like to match the first five with a 5 times multiplier tonight for a cool 5 million big ones thank you very much.-weshar75
11:08 pm – Mega Millions: The Friday, January 22, 2021 Mega Millions drawing has taken place, and the results are 4, 26, 42, 50, and 60, with Mega Ball number 24. The Megaplier number is 2.
All Even probably on purpose to make it roll one more time babeh
With so many tickets sold anything could happen. But my bet is the jackpot rolls tonight to 1.?? Billion.
Me too, it will roll
MM Jackpot for Tues $20 mil
ONE Jackpot winner MI
Jackpot: $1 Billion
Cash Option: $739.6 Million
LOTS of winners it appears. Well, I need this break. Let me know when it gets to 100,000,000 dallas after taxes again, Powerball or Megaball...
One winning ticket in Michigan.
Tues Jan 26th Jackpot is $ 20 million annuity / $ 14.7 million cash option.
Congrats to the winner -- I hope it's a group of say, 20 to 30 folks - hey, may even 40 or 50. That much loot deserves to be shared.
Stay Safe and Well.
Well it wasn't me! I wonder what town the ticket was sold! 💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵💵
Nor was I the winner.
There's always next time, as they say. The next time it grows to $1 billion may be 4 years from now. lol
A few years ago there was a larger than average jackpot won in Michigan north of Detroit. Maybe it was a future relative of mine.
https://www.michiganlottery.com/games/mega-millions
The following are the results from: Friday, January 22nd 2021
A person in Michigan won the jackpot.
Well since it wasn't split that should be a worldwide record for a single ticket???
No, that's the South Carolina player who won the $1.5B Mega Millions jackpot.
I noticed California didn't take a 5+0 prize this historic draw. California sells about as many tickets as Florida or more. I'm curious if the final jackpot reached 1.0 Billion?
Todd has the updated the total. Annuity was 1.05billion with cash value being $776.6 million