"Massive Mega Millions Jackpot Nears $1 Billion: What You Need to Know"

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Source: NPR
"Massive Mega Millions Jackpot Nears $1 Billion: What You Need to Know"
Photo: NPR
TL;DR Summary

The Mega Millions jackpot has reached nearly $1 billion, making it the 10th largest in U.S. lottery history, with odds of winning at 1 in 302.6 million. The drawing is set for Friday night, and the estimated cash payout for the winner is $461 million after federal taxes. Lottery officials emphasize the low odds of winning and encourage playing for fun rather than expecting to get rich. Mega Millions and Powerball are run separately but overseen by state lotteries, with proceeds benefiting the jurisdictions where they operate.

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