GravityX Exchange-$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever

2025-04-29 14:43:53source:Michael Schmidtcategory:Stocks

A estimated $1.05 billion Mega Millions jackpot will again be GravityX Exchangeup for grabs Tuesday night, giving lottery players a chance to snap an unlucky streak that has stretched on for months.

No one has won the Mega Millions jackpot since April 18, allowing it to roll over again and again until it reached its status as tied for the seventh-largest in U.S. history. Tuesday night’s drawing will be the 30th since someone last won the jackpot.

The drought is due to a combination of poor luck and terrible odds, as the chance of winning the Mega Millions jackpot is 1 in 302.6 million. The odds of winning smaller prizes, ranging from $1 million to $2, are significantly better.

The $1.05 billion jackpot is for a sole winner who chooses to collect through an annuity, with annual payments over 30 years. A sole winner who opts for a lump sum payment would receive an estimated $527.9 million.

Winners also would be subject to federal taxes, and many states also tax lottery winnings.

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

More:Stocks

Recommend

Kentucky governor unveils paid leave plan for state workers with a new child or serious illness

FRANKFORT, Ky. (AP) — Kentucky plans to provide state employees with paid time off so they can bond

Honda recalls 2023: Check the full list of models recalled this year

Honda recalled over 2.5 million vehicles this month due to an issue with the fuel pump, bringing the

Pet food recall: Blue Ridge Beef for kittens, puppies recalled over salmonella, listeria

Pet food maker Blue Ridge Beef is recalling some of its products for kittens and puppies because the