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U.S. lottery jackpot prize reaches $1.6 billion

written by Stephen Maguire October 21, 2018
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Lottery players in the United States prompted long lines at gas stations and 7/11s across the country as Friday’s Mega Millions lottery draw soared to (€1.3 billion) $1.6 billion. 

The next draw, which costs $2 to play, is set to take place this Tuesday night.

The previous largest single jackpot of $758.7 million was won last year by Mavis Wanczyk, a 53-year-old mother of two from Massachusetts.

In 2016, a $1.58 billion Powerball prize was split three ways by ticket holders from California, Florida and Tennessee.

Each took home $528.8 million.

But a note of caution – the chance of matching all six numbers and taking home the grand prize is one in 302.5 million.

What is more, after federal taxes and state deductions, winners will generally end up with around half that amount in upfront cash winnings.

The strategy seems to be paying off – states have reported that lottery tickets fly out of shops when the top prizes reach gigantic sizes.

In California, for example, people were buying 200 tickets per second during the lunch hour on Thursday.

U.S. lottery jackpot prize reaches $1.6 billion was last modified: October 21st, 2018 by Stephen Maguire
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lotterymega millionsunited states
Stephen Maguire

Stephen Maguire is the co-founder of Donegal Daily. He has worked as a reporter for almost 30 years starting locally with the Donegal Peoples Press before moving to the Mirror Group. He continues to contribute daily to national media outlets including the Irish Times, RTE, the Irish Independent, Irish Sun, Irish Mirror, Irish Star, the Daily Mail and the Examiner.

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