In times past, a jackpot can only get you so much but at the moment, jackpots are now hitting billions. Presently, a single jackpot hit could port you from a small business owner to a real estate mogul. Once again, Mega Millions lottery price exceeds $ billion. A few days ago, the $830 million Mega Millions draw did not get any winner. This snowballed the jackpot to $1.02 billion overall. The next draw will take place on Friday, July 29th. In U.S. history, there have only been four billion dollar lottery prizes. While three of these billion-dollar lottery prizes are from Mega Millions, the biggest ever billion-dollar prize is from Powerball.
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When winners fail to emerge, the prize keeps growing. The latest lottery prize from Mega Millions has been growing for over three months. However, it is important to note that winning this lottery is out of this world. The odds are actually one in 302.6 million.
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Mega Millions lottery to hold on Friday
In the last jackpot, the winner which was announced on April 15th went home with a $20 million top prize. Of course, this price is nothing compared to the current jackpot. The winner of the Friday jackpot will have two options to claim their winnings as usual. It is either the winner gets the winnings spread over 30 years or chooses a lump sum payment which is the popular option. However, accepting a lump sum payment means that the winner will get a smaller amount. This Friday Mega Millions winner will claim about $602.5 million.
In January 2021, the third biggest lottery prize from Mega Millions was won. The winner of the lottery got the ticket in Michigan and the state permits anonymous winners. According to reports, four members of a lottery club in Detroit got the ticket. However, their representative, a lawyer, got the price in March 2021.