As of December 25, 2024, the Mega Millions jackpot has reached an estimated $1 billion, with the next drawing scheduled for tonight. This marks the seventh time the prize has surpassed the billion-dollar mark, adding a sense of magic to the holiday season.
In recent developments, a $1.128 billion Mega Millions jackpot, the fifth-largest in the game’s history, was claimed by an anonymous individual in New Jersey. The winning ticket was purchased at a ShopRite in Neptune Township, and the winner opted for a lump sum payment of $537.5 million before taxes. Under New Jersey law, winners can remain anonymous, and this individual chose to do so.
Additionally, five players won $1 million prizes in the December 20 drawing by matching five numbers but missing the Mega Ball. One of these tickets was sold in Illinois. Winners have one year to claim their prizes and can choose between a lump sum or annuity payments.
For those interested in participating, Mega Millions tickets are priced at $2 each, with drawings held every Tuesday and Friday at 11:00 PM ET. The odds of winning the jackpot are approximately 1 in 302.6 million.
Please note that lottery winnings are subject to federal and state taxes, which can significantly reduce the take-home amount. Winners are advised to consult with financial and legal professionals to manage their newfound wealth responsibly.
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