Marcus Erikson-$1.55 billion Mega Millions jackpot is the 3rd largest in US history

2025-05-01 11:47:41source:Darden Clarkecategory:Markets

Lottery players will have Marcus Eriksonanother shot Tuesday night at a massive Mega Millions prize that ranks as the third-largest jackpot in U.S. history.

The estimated $1.55 billion prize has been gradually building for months thanks to 31 straight drawings without a jackpot winner. The last time someone won the game’s top prize was April 18.

Each drawing without a winner pushes the prize closer to the record $2.04 billion Powerball jackpot that someone in California won last year.

Mega Millions jackpot winners are so rare thanks to odds of 1 in 302.6 million.

The $1.55 billion payout would go to a winner who opts for an annuity, doled out over 30 years. But people usually prefer a lump sum option, which for Tuesday’s jackpot would be an estimated $757.2 million.

The money would be subject to federal taxes. Many states also tax lottery winnings.

Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.

More:Markets

Recommend

As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest

CONECUH COUNTY, Ala.—At the confluence of the Yellow River and Pond Creek in Alabama’s Conecuh Natio

Nicaragua opponent exiled in Costa Rica wounded in shooting

SAN JOSE, Costa Rica (AP) — A member of the Nicaraguan opposition was shot seven times and in seriou

Buc-ee's expansion continues as roadside retail juggernaut zeroes in on North Carolina

Beaver Nuggets are about to spring up in the Tar Heel State.The Mebane City Council unanimously appr