The odds are increasing that someone will win Mega Millions’ massive $1.2 billion jackpot on Friday night, but will it be you?
Almost certainly not.
That’s because while the nation’s fourth-largest lottery win has triggered a sales boost that means more possible number combinations are covered, your odds of winning remain the same. At 1 in 302.5 million, they’re pretty miserable.
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The last time anyone beat the amazing odds and won the Mega Millions jackpot was on April 15th when a Tennessee player matched all six numbers and snagged a $20 million prize.
Since then there have been 29 consecutive draws without a jackpot winner, causing the prize to grow week after week.
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Although someone could theoretically buy all 302.5 million possible number combinations, in practice this would be almost impossible and likely a financial flop.
That’s because even after raising more than $600 million to buy all those $2 tickets, a team of people would have to somehow coordinate their request for each combination of numbers and payment. Considering the hundreds of millions of options, that would be a mind-blowing task.
Even if someone accomplished that task, remember that the advertised price of $1.2 billion is for the annuity option, paid annually over 30 years. Almost everyone opts for cash, which would total $747 million for Friday’s drawing, of which about a third would go toward federal taxes and possibly more state taxes, depending on where the buyer lived.
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After all, there’s a chance that some of the countless people who also drop a few bucks for a ticket could hit the winning numbers, meaning the potential jackpot would be halved or tripled.
Winning streaks have lasted longer in the past, with the record being a 36-reel run that ended in Michigan on Jan. 22, 2021 with a Mega Millions payout of $1.05 billion. That was the third largest prize ever won.
The biggest was a whopping $1.586 billion Powerball jackpot won by three players in California, Florida and Tennessee in 2016.
Mega Millions is played in 45 states plus Washington, DC and the US Virgin Islands. The game is monitored by state lottery officials.
ABC-owned television stations contributed to this report.
Copyright © 2022 by The Associated Press. All rights reserved.
https://6abc.com/odds-of-winning-mega-millions-jackpot-lottery-drawing/12076696/ What are the odds of winning the Mega Millions jackpot? Chances of picking lucky numbers for Friday’s drawing 1 in 302.5 million