Mega Millions $977 Million Jackpot Drawing
The Mega Millions lottery jackpot has grown to an estimated $977 million, making it the 10th largest in U.S. lottery history. The odds of winning are 1 in 302.6 million, and the actual cash payout would be around $461 million after taxes. Lottery officials advise playing for fun and dreaming a little, but not with the expectation of getting rich.
Key Points
- The jackpot has grown to $977 million due to no winner in three months
- Odds of winning the jackpot are 1 in 302.6 million
- Winners can choose between annuity payments or a cash payout
- Lottery officials advise playing for fun and not with the expectation of getting rich
Pros
- Potential to win a large sum of money
- Funds raised from lottery games contribute to various state programs and initiatives
Cons
- Very low odds of winning the jackpot
- Actual cash payout after taxes is significantly lower than the advertised jackpot amount