Mega Millions lottery jackpot to be a quarter-billion for Friday

Sep 14, 2005, 8:54 am (51 comments)

Mega Millions

Millions and millions of tickets sold, but no one managed to pick the right combination of numbers in the multi-state Mega Millions lottery game.  The $200 million dollars up for grabs in Tuesday night's game went without a top winner, hiking the jackpot to $250 million for Friday.

But 13 people in eight states came awfully close, matching five of the six winning numbers. Each of those tickets is worth $250,000.

The second-place tickets were sold in California (2), Georgia (2), Maryland, Michigan, New York (3), Ohio(2), Texas, and Virginia.

Unline the other eleven Mega Millions states, the California second-place winners each won $415,630, due to California's pari-mutuel prize structure, in which the prize is calculated based on the number of tickets sold, combined with the number of winners.

The winning numbers were: 13, 24, 44, 48, 52 and the Mega Ball was 30.  The Texas Megaplier was 4.

The next drawing is Friday.

California was the 12th state to join the multistate game several weeks ago, adding 36 million potential players and boosting the prizes. At the same time, the odds of taking home the grand prize increased from one in 135 million to one in 175 million.

Players pick five numbers between 1 and 56 and a Mega Ball number between 1 and 46. Players used to pick between 1 and 52 for all six numbers. Also new: Jackpots start at $12 million, up from $10 million.

The Mega Millions jackpot has not been this large for more than a year, when a $290 million jackpot was won on July 2, 2004 by a Massachusetts cleaning woman.

Lottery Post Staff

Comments

walt iii

mega millions only went up 20%.........

i have a history of mega goes above $125, it starts climbing 30% higher ......................

gas price must be cause it period.......................

JAG331

The $250,000,000 advertised jackpot is 1,000 times greater than second prize!

I can hardly imagine right now what I'd do with 250,000, not to mention 250 million!

Chewie

Glad to see those CA people hitting the list. Maybe it will encourage others to spend big. Its time to fill the truck, I need the increase California is supposed to provide.

mken32's avatarmken32

That is alot for one person WOW 250,000,000.00Smiley Santa xmas everyday especially the Katrina victims.

winner2b

Comeon baby! Make it a Great Friday for moi Cheers

fxsterling

i want more like 1/2 billion    also the cash is at100 million  i have seen the same states win 2nd pz don't other states have luck

nitabug's avatarnitabug

Hello all.  Well, I drove over a hour and a half to buy my Mega Million tickets.  I even got a friend to ride with me.  Not that the drive was bad it was the night before I was so sick and throwing up.  My head was blasting but at 7 am I crawled out of bed and went anyhow.  Then, got 3 miles down the road and realized I had forgot my map.  I turned around.  Boss called my cell phone and said I had to open the store for him.  Delayed another 2 hours!  after all that I spent $30 and won $7.  Still sick and my family is laughing and making fun at me!  My friend didn't say what she spent but what ever it was she lost it all.  So Chewie, we here in KY are doing our part to "fill up the truck".  I hope I am the gal driving the loaded truck at the end of this run!  Good luck to you all, but I'm holding the truck keys  (NOT)   LOL 

                                                                  Patriot Nitabug

acronym007

I'm playing online, I used to travel an hour one way to go and get tickets but the service fee for the online games is cheaper. Save your money and play online. Besides, I would like to see two things:

1. A winner from LotteryPost for this jackpot

2. A winner from Prime Ticket Service

 

I wonder if Todd won would he close this website down? hehe. Good luck all, Cheers.

JimmySand9

Keep in mind that $250,000,000 is paid over 26 annual payments, and is before a big chunk is given to Uncle Sam.

Bktucker23

How does this rank as the Highest jackpots go 4th, 5th, 6th, etc.

CASH Only

jimmy:

I still won't take annuity. I'd hate to see someone in NY or TX hit on a "26 annual payments" ticket, since they CANNOT change their mind if they win.

Bradly_60's avatarBradly_60

 

$363 m in May 2000

$325 m in April 2002

$290 m July 2004

$250 m Sept 2005 

$230 m in Feb 2004

$208 m April 2005

Currently the fourth largest jackpot offered.  Lets break $300m !!!!!!

Brad

 

JAG331

Yes, it's also the 2nd highest Mega Millions jackpot ever, trailing only the $294 million won last summer by Geraldine Williams, the Lowell, Mass. janitor and housecleaner.

acronym007

Please help, I think the only way to win lotto is too not be excited about it.... LOL. Seriously, have you ever heard the winners stories. It goes something like this.

 

"I just got back from vaction, two weeks in Aruba and I forgot I purchased a ticket" or

"I forgot to check my tickets from a couple of weeks ago then I heard someone won" or

"I just bought one ticket with some gas & milk because I was bored and won $250 mil, cool"

 

LOL... I know it seems funny but most stories I read follow something like that were the winners are far less interested in Lotto than you and I in here. Cheers,

LeeDevo

The lottery is just a tax on people that can't do math.

lmatlaw

To JimmySand9, you don't have to take the $250,000,000 in 26 payments. It can be taken as a lump sum for a cash value of about 50% of the jackpot before taxes. $250 million would give you about $88 million net. What's wrong with that?

Also, despite the tax chunk that the Feds and the state might take, would you really complain with all of that money? Not me. I'd  be thrilled. Just let me win a measly million. I'd be plenty happy, even after taxes.

mken32's avatarmken32

 

$363 m in May 2000

$325 m in April 2002

$290 m July 2004

$250 m Sept 2005 

$230 m in Feb 2004

$208 m April 2005

Currently the fourth largest jackpot offered.  Lets break $300m !!!!!!

Brad

 

I am sorry brad but when I hit the 250 Million on Friday, you'll just have to wait for it  to grow again in a few months

This is my Birthday Month Party$250 m Sept 2005 looks good.

MKen32

JAG331

Cash value right now is at about 61%.

That's one thing that makes MM better than PB...because when PB reaches $250 million, they're not going to have nearly as much cash to back it up as MM does.

mken32's avatarmken32

I Agree! 

DoubleDown

If I were to hit this, I might just quit my job.

lmatlaw

Cash value right now is at about 61%.

That's one thing that makes MM better than PB...because when PB reaches $250 million, they're not going to have nearly as much cash to back it up as MM does.

Why won't PB have as much cash as MM does for a $250 million jackpot? PB had a $230 million winner in Idaho recently. I haven't heard of a problem.

twisted's avatartwisted

Cash value right now is at about 61%.

That's one thing that makes MM better than PB...because when PB reaches $250 million, they're not going to have nearly as much cash to back it up as MM does.

Why won't PB have as much cash as MM does for a $250 million jackpot? PB had a $230 million winner in Idaho recently. I haven't heard of a problem.

Thats because PB jackpot is paid over 29 annual payments compared to MM's 26 payments.  So MM needs more cash for a $250 million jackpot than PB (MM's cash to annuity ratio is about 60-61% compared to the old PB matrix's approximately 55-56%). 

But now, PB only has a cash to annuity ratio of 50-51%.

 

RJOh's avatarRJOh

The lottery is just a tax on people that can't do math.

Is that the reason so many people expect the winners to give out grants to the needy?

Lucky$even

Call me crazy, but I think $6.8 million per year (after taxes in Michigan) is enough to make me happy. And the bonus is that I get the security of knowing that I will get that amount every year for the next 26 years. Sure I could take the $108 mil now, but what if I make bad investments? I know nothing about the financial markets, and I don't know anyone who does, so any financial advisor or stockbroker I hire could be out for his or her own gain and there to screw me over, so I might not even reach the total of $177 mil guaranteed after the 26 years of annuity payments.

Also, it may be difficult to waste $108 million, but not impossible. With $6.8 per year, I know I can't get too carried away with my spending. Cash option assumes every penny will be invested and none spent, and that the player is too old to survive 26 years. Just my opinion.

twisted's avatartwisted

Call me crazy, but I think $6.8 million per year (after taxes in Michigan) is enough to make me happy. And the bonus is that I get the security of knowing that I will get that amount every year for the next 26 years. Sure I could take the $108 mil now, but what if I make bad investments? I know nothing about the financial markets, and I don't know anyone who does, so any financial advisor or stockbroker I hire could be out for his or her own gain and there to screw me over, so I might not even reach the total of $177 mil guaranteed after the 26 years of annuity payments.

Also, it may be difficult to waste $108 million, but not impossible. With $6.8 per year, I know I can't get too carried away with my spending. Cash option assumes every penny will be invested and none spent, and that the player is too old to survive 26 years. Just my opinion.

With the world getting more and more dangerous to live in, I dont know if I'll survive for another 25 years. I can have a financial advisor and have his salary based on the performance of my portfolio. And besides, I'll have the time and money to go back to school and take some finance classes so I can understand a little better what my financial advisor is talking about.

Also $1 million 20 years from now is not the same as $1 million today (financial term: TVM time value of money). Anything can happen to the financial markets and the value of a dollar tomorrow could be a lot less than it is today. There are just too many things that can change in 26 years.

I'll select CASH.

Chewie

To JimmySand9, you don't have to take the $250,000,000 in 26 payments. It can be taken as a lump sum for a cash value of about 50% of the jackpot before taxes. $250 million would give you about $88 million net. What's wrong with that?

Also, despite the tax chunk that the Feds and the state might take, would you really complain with all of that money? Not me. I'd  be thrilled. Just let me win a measly million. I'd be plenty happy, even after taxes.

In New Jersey and New York, you must choose when purchasing the ticket - cash or annuity. Once you choose, no changing your mind.

Cash is always a known variable.  Annuity is subject to anything that the government, state, or the economy cares to throw at you for the next 20 some years.  I'll take the $115M walk away money any day.  Give a large chunk to my daughter (for putting up with me all these years), hire some friends at outrages wages (like Disney did), hire the consultants to advise, the lawyers to keep you out of jail, and read Thrumps book on how to file bankruptcy and still have more money than my daughter, her children, or I will ever need.

 

twisted's avatartwisted

Even though New Jersey asks you to select cash or annuity when buying tickets, you can always change your mind afterwards and select whatever you want.

dvdiva's avatardvdiva

If I were to hit this, I might just quit my job.

"might"?  I know my job would get same day service if I found out I won.

mken32's avatarmken32

I wish the Military was like that it probably take a week to process out. I'll let you guys know how long it took me to be process out, stay tune!Big Grin Santa 

250 M not bad......

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