How Much Is Mega Millions
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If you’re feeling lucky, you may be wondering "how much is Mega Millions?"
Mega Millions is a popular American lottery game, with tickets available in 44 states plus the District of Columbia and the US Virgin Islands. Mega Millions tickets cost $2 per play.
The Mega Millions jackpot starts at $40 million and continues to grow until someone wins. The chance of winning the jackpot is 1 in 302,575,350. The overall odds of winning any prize in the Mega Millions game is 1 in 24.
Players must choose five white balls from a pool of 70, and one gold Mega Ball from a separate pool of 25. Match all six numbers and you’ll take home the multimillion-dollar jackpot. Winnings above $599 are taxable in the U.S. and must be declared accordingly.
The jackpot can be paid out in either 30 annual payments over 29 years, or a one-time cash lump sum. Normally, winners choose the immediate cash option. The cash option comes with an additional federal tax of 24%, as well as own-state taxes if applicable.
If the grand prize isn’t won, the pool of money will continue to get larger and larger, creating bigger jackpots. That’s why you’ll often see very high jackpots for Mega Millions.
So, how much is Mega Millions? It all depends on how lucky you get. Lucky winners have been walking away with prizes as high as $1.537 billion when the game was last won in 2018. Who knows—you could be next!