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![]() The winner anonymously claimed the prize in March 2019. The largest jackpot (in which the jackpot was won) in Mega Millions history was $1.537 billion, for the Octodrawing, in which there was one winning jackpot ticket, sold in South Carolina. ![]() Only the jackpot can be won none of the lower-tier prizes are available on such a wager. Several of the game's members offer the Just the Jackpot option, in which two plays cost $3. The Megaplier was made available to all Mega Millions jurisdictions in January 2011 it began as an option available only in Texas. Of the 47 Mega Millions jurisdictions, all but California offer an option, called Megaplier (plays with the Megaplier are $3 each) where non-jackpot prizes are multiplied by 2, 3, 4, or 5. The current version of Mega Millions requires players to match 5 of 70 white balls, and the gold-colored "MegaBall" from a second field, of 25 numbers ( 5/70 / 1/25).Įach game costs $2. Mega Millions' previous format began on Octoits first drawing was three days later. A cash value option (the usual choice), when chosen by a jackpot winner, pays the approximate present value of the installments. Reflecting common practice among American lotteries, the jackpot is advertised as a nominal value of annual installments. Under the current version's regulations (which began Octowith the first drawing October 31) for Mega Millions, the minimum Mega Millions advertised jackpot is $40 million, paid in 30 graduated yearly installments, increasing 5% each year (unless the cash option is chosen see below for differences by lotteries on cash/annuity choice regulations.) The jackpot increases when there is no top-prize winner. The hosts are John Crow and Carol Blackmon. Mega Millions is administered by a consortium of its 12 original lotteries the drawings are held at the studios of WSB-TV in Atlanta, Georgia, supervised by the Georgia Lottery. Eastern Time on Tuesday and Friday evenings, including holidays. What is now Mega Millions initially was offered in six states the logo for all versions of the game following the retirement of The Big Game name featured a gold-colored ball with six stars to represent the game's initial membership, although some lotteries insert their respective logo in the ball. The first (The Big Game) Mega Millions drawing was in 2002 see below. Mega Millions (originally known as The Big Game in 1996 and renamed, temporarily, to The Big Game Mega Millions six years later) is an American multi-jurisdictional lottery game as of January 30, 2020, it is offered in 45 states, the District of Columbia, and the U.S. In a statement on Saturday, Mega Millions also noted that 26 tickets earned second-tier prizes worth either $2 million or $1 million apiece, and a total of 14,391,740 tickets won some amount of money across nine different prize tiers Friday night.American multi-jurisdictional lottery game Mega Millions That means the winner should expect to owe a minimum of almost $226 million in taxes, lowering the take-home amount to roughly $554.5 million - still a potentially life-changing sum of money. The winner will likely also owe state income tax: If the winner lives in Illinois, the winnings will be considered taxable income at the state's 4.95% rate, and they may owe even more if they live in a state with a higher income tax rate. If the winner chooses the more popular lump sum option, which "Shark Tank" investor Kevin O'Leary recommends, he or she will have to account for a mandatory 24% federal tax withholding. ![]() The jackpot ranks as the third-highest lottery prize in American history, and its winner - who likely paid around $2 for the ticket - stands to either gain $780.5 million as a cash lump sum or receive payments in an annuity over the next 30 years. "So, I encourage everybody to check your ticket." "We don't know whether or not they even know that they won a prize," Mays said.
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