Friday, 22 June, 2018

Lottery Jackpots rise to near record highs

Lottery Jackpots rise to near record highs Lottery Jackpots rise to near record highs
Ray Hunter | 06 January, 2018, 04:41

The drawing for the Mega Millions jackpot is scheduled for 11 p.m. on Friday. The Powerball jackpot and Mega Millions jackpots are both over $400 million at the same time for the first time.

The chances of winning the jackpots are incredibly small, at about one in 303 million for Mega Millions and one in 292 million for Powerball.

The latest increase to the jackpot would be the fifth largest in Powerball history if someone matched all six numbers Saturday night. State lottery taxes vary from about 3 percent to more than 8 percent, so on a $277 million cash prize, a winner's tax bill could climb by $15 million or more.

To put that in perspective, you're more likely to get struck by lightning, become president of the United States, get bitten by a shark or crushed by an asteroid, among many other more probable zany events, than win either the Powerball or the Mega Millions. At the 7-Eleven in the Archer Heights neighborhood near Midway Airport, lottery players dreamed of jetting off to Florida to escape the cold and of winning millions. The odds against winning one of the jackpots are also high, but slightly more doable than winning both.

Recent big Powerball wins in North Dakota include a $100,000 Powerball with Power Play purchased from a Superpumper in Minot on December 30.

"But, there's the ticket", said lottery player Harvey Wright. It's a situation that is set to happen more frequently.

Lottery Jackpots rise to near record highs
Lottery Jackpots rise to near record highs

The jackpots refer to the annuity options for both games, in which payments are made over 29 years.

Last October, Mega Millions changed the numbers that players could choose from, bringing the odds of picking all six numbers to 1 in 302.6 million, from 1 in 258.9 million under the old format.

"I just hope whoever gets it shares it", added fellow ticket-buyer Patrick Travers.

The current combined total of both the Mega Millions and Powerful jackpots is a whopping $1.02 Billion.

The question is how many of them will be claimed.

U.S. threatens to cut UNRWA funding unless Palestinians engage in peace talks
Sen. "What prevents the enemies and their hostile actions is the spirit of courage, self-sacrifice and faith among the people". "If the Iranian dictatorship's history is any guide, we can expect more outrageous abuses in the days to come", she said.

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