Mega Millions payout options explained as jackpot hits $1.28 billion

Friday Mega Millions was the third largest in US history, reaching a staggering $1.28 billion.

The jackpot reached $1.53 billion in October 2018 and $1.05 billion in January 2021, making it the second biggest jackpot ever.

No one took home the $810 million jackpot on Tuesday night, meaning the total soared to over $1 billion – exciting players across the country.

This is the 30th draw in this series of jackpots which began on April 19 after the prize was won by a Tennessee resident on April 15.

The US lottery game, launched in 2002, can be played in 45 states and two localities, and millions of tickets have been sold for the Friday night draw.

If you are lucky enough to win the huge sum, you have two options to win your prize. Read on to learn more about them…

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Friday night winning numbers

As of this writing, no one has come forward and claimed the jackpot. However, it’s possible that someone could hold a winning ticket and hasn’t checked Friday night’s numbers yet.

An Illinois lottery to place states that a winning ticket has been sold in the state, but there has yet to be confirmation that this is true of Mega Millions.

The draw takes place at 11 p.m. every Friday night and is broadcast live on WBAL-TV, which is pretty late. So the winner may not know it yet.

Friday Night’s winning numbers for a staggering $1.28 billion are 13, 36, 45, 57 and 67 and a mega ball of 14.

If you have a Mega Millions ticket lying around for July 29, check the numbers one last time, just in case you won something.

If the Illinois site is wrong and no winning ticket is resold, the jackpot will roll over again and could become the biggest jackpot in Mega Millions history.

Photo by John Smith/VIEWpress

Two different payment options

If you are lucky enough to match all six numbers and win the jackpot, there are two manners to receive the money.

If you wish, you can choose to have a one-time lump sum payment equal to all of the money in the Mega Millions jackpot prize pool.

In this case, the total money you would take out of the $1.28 billion jackpot is $747.2 million, but it would also be taxed at around 24% – and there are other taxes depending on the state. . .

So, the total amount you would earn would be around $567.8 million if you chose the lump sum carter, and it could even be lower if other taxes are added. However, there is another option.

If you choose the annuity option, the top prize is paid out in one immediate payment followed by 29 annual payments over 30 years.

Each payout is 5% larger than the last and Mega Millions believes this “helps protect the lifestyle and purchasing power of winners in times of inflation”.

Photo by OLIVIER DOULIERY/AFP via Getty Images

How to Play Mega Millions

To play Mega Millions, you must choose five numbers from 1 to 70 and one Mega Ball number from 1 to 25.

You can choose the numbers yourself or select them at random, they are then written on your $2 ticket.

The easiest way to buy a ticket is to go to Mega Millions website and selecting your state, which will then take you to the appropriate ticket purchase site.

However, tickets can also be purchased at stores across America, including Walmart, CVS, 7-Eleven, and many local convenience stores.

For a chance to win the Mega Millions jackpot, you can purchase tickets up to 15 minutes before the draw.

Numbers are drawn at 11 p.m. ET on Tuesday and Friday, which means tickets can be purchased until 10:45 p.m. online and in stores.

To win the jackpot, you must match all six winning numbers – but there are also plenty of other ways to win smaller prizes ranging from the jackpot to $2.

Most states also offer a Megaplier option which costs $1 more and increases the non-jackpot prizes by 2, 3, 4 or 5 times depending on the Megaplier drawn.

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