Mega Millions jackpot crosses $1 billion mark for third time in history

For only the third time in Mega Millions’ 20-year history, the jackpot surpassed the massive $1 billion mark after the winning numbers were drawn on Tuesday night and no winner was declared.

The estimated Mega Millions jackpot draw on Friday, July 29 is now estimated at $1.025 billion.

Tuesday’s winning numbers were 7-29-60-63-66. The Mega Ball was 15 and the Megaplier was 3.

The jackpot had reached around $830 million before Tuesday night’s draw, making it the third-biggest jackpot in gaming history.

“Friday night’s draw will be the thirtieth in this jackpot race, which began on April 19 after the jackpot was won in Tennessee on April 15,” Mega Millions said in a statement released early Wednesday.

Even though Friday’s prize is now estimated at over $1 billion, it still falls short of the record jackpot won in South Carolina on October 23, 2018. The winner took home $1.537 billion and holds the record for world’s biggest lottery. prize never won on a single ticket.

Only four Mega Millions jackpots have been won this year; in California, Minnesota, New York and Tennessee.

Tuesday’s Mega Millions draw had a cash value of $487.9 million, the company said in a press release. Friday’s next draw has an estimated cash value of $602.5 million.

A lottery ticket vending machine sits inside a convenience store, July 21, 2022, in Northbrook, Illinois.

Nam Y. Huh/AP

“We look forward to the growing jackpot,” says Ohio Lottery Manager Pat McDonald, current Senior Manager of the Mega Millions Consortium. “Watching the jackpot accumulate over a period of months and reach the billion dollar mark is truly breathtaking. We encourage customers to keep the game balanced and enjoy the ride. Someone will win.

As the numbers were drawn at 11 p.m. ET, those trying to visit the Mega Millions website received an error – the site had crashed.

“With unprecedented post-draw traffic – more than anything in the history of megamillions.com – the Mega Millions website was unavailable for more than two hours on Tuesday evening,” the company said in a statement.

There were a total of 6,775,330 winning tickets across all prize tiers in Tuesday night’s draw. A total of nine tickets matched the five white balls to win the Mega Millions second prize, one of those sold in Ohio worth $3 million as it included the optional Megaplier. The other eight Match 5 tickets were all worth $1 million, with two each sold in New Jersey and New York, plus one each in California, Florida, Illinois and Ohio.

“In the 29 draws since the jackpot was last won in Tennessee on April 15, there have been more than 28.1 million winning tickets at all prize levels, including 42 worth $100,000. ‘a million dollars or more,’ the company said. “These grand prizes were won in 17 states across the country: Arizona, Arkansas, California, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas and Virginia.”

Lottery winners have two options: take the money as a lump sum payment or as annuity payments over 29 years.

Most winners generally accept lump sum payments, but record inflation has complicated matters, experts said.

“If we think inflation will be there for a while, then you might want to consider taking the annuity rather than taking the lump sum,” tax and estate planning attorney Kurt Panouses told Deirdre. ABC News Bolton.

A customer fills out a Mega Millions lottery ticket at a convenience store, July 21, 2022, in Northbrook, Illinois.

Nam Y. Huh/AP