By Todd Northrop
Mega Millions lottery players across the United States are pulling out the stops for the Tuesday evening drawing, which now stands as the largest Mega Millions grand prize since August, 2009.
The estimated jackpot of the January 4, 2011 Mega Millions drawing was raised Monday from $290 million to $330 million because of heavier than expected sales in all Mega Millions states.
Likewise, the lump-sum cash value of the massive grand prize was raised to $208.3 million, and increase of $25.7 million from the initial estimate made early Saturday morning.
Lottery players seeking to check the winning numbers Tuesday night are urged to use USA Mega (www.usamega.com). State lottery Web sites are normally brought to a standstill during busy periods, while USA Mega normally remains responsive.
Mega Millions drawing results will be posted immediately after the 11:00 pm drawing at USA Mega. The number of winners and new jackpot will be announced after all participating Mega Millions states have reported their data, which normally occurs within a couple of hours after the drawing.
Tickets will remain on sale typically until 10:45 pm Eastern Time on Tuesday, although players should check with a lottery retailer in their state for the exact sales cutoff time. Players are advised not to wait until the last minute.
If the jackpot is not won on Tuesday, the Friday jackpot may become the largest lottery jackpot in history.
The odds of winning the jackpot are approximately 1 in 176 million. The odds of winning any of the Mega Millions prizes are approximately 1 in 40.
Mega Millions features nine different prize levels, ranging from $2 all the way up to the jackpot. Players can win even if they just match one number — the Mega Ball number.
Most states also offer the Megaplier option for an extra dollar per ticket purchased. The Megaplier multiplies any non-jackpot prizes won by 2, 3, or 4 times, depending on the Megaplier number drawn that evening.
Players who purchase the Megaplier and win second prize will automatically have their prize increased by 4x to $1 million.
WOW - just let me win a part of that ..oooooh boooy
my god, 400+ next draw if it rolls.
Grow baby GROW!
I'll bet if nobody hits this time its gonna be half a billion.
WOW, How exciting is this.
141 million after taxes! I think i can live with that.
You won't believe how many cousins you've got.
i knew it would be above 300, and just above 200 million cash
but 208 m in cash, i understated it a bit rofl
its now the 3 largest jackpot cash wise in history, what a monster we have on our hands
Mega Millions Jackpot for Mar. 6, 2007
$390,000,000
$233,000,000
Mega Millions Jackpot for Aug. 28, 2009
$336,000,000
$210,000,000
and now our current jacktop, is 2 million away form taking #2 spot in biggest cashs jackpot ever in history,
the irs will take a full 35% thro as thats the max rate
Your net payout: $135,200,000 and if you live in a state with income tax also, oh, best check usa mega for your state math added on 35% the irs is taking
if it rolls, it will beat 233m cash world record by a landsilde, it will murder the cap
, i wont even try to guest what it be, but it be will above 270m cash must likly and marketed as 400m + jackpot annuity lol
lotto history is about to be made maybe as todd said
i enjoy these insane jackpot amounts, how would i invest/and spend 135m cash, o what fun it is to have my imagination run wild with the idea
When you are dreaming about this, remember that the tax amount quoted on the analysis page is just a withholding. After they take out takes, you may still need to send in an estimated tax differential. Every situation is different of course.
Good luck to everyone. Just may have to actually buy a ticket this time.
I can't wait for the approximately $135 million EFT after Federal Taxes!
my Grey Violet Bentley will announce a quite grand midlife crisis!
One Ticket ........... One Winner!
.......... don't have to wait in line .......... got my ticket on Saturday!
Good luck to my lottery post friends ............
WOW
bought my ticket hope it's a winner!!!!!!!!!!!!!!!
DREAMS DO COME TRUE!!!!!!!!!!!!
GOOD LUCK TO EVERYONE
I'm thinking the jackpot amount will be bumped up
one more time before the drawing tomorrow night.
The Arkansas Lottery released a statement today indicating that is probable.
Yay! Go Arkansas!
Lottery fever is in full effect -
some people will spend a hundred dollars
or more trying to win this jackpot -
and the winner will probably be someone who spent
$1 on a quick pick
I will be happy if i had won and had to split the jackpot with another ticket holder!!!
Someone explain how it could be bumped up $40 million?
Usually, it is bumped up $10 million.
Sales for the last drawing were $121 million. Sales for this will probably be over $200 million.
I believe the increase is based on projected sales. Someone correct me if I'm wrong.
im right there with you, i dont mind sharing at all, even if it was 4 other people!!!
I have a question. Can a prize by claimed by a trust in the state of Georgia and not have the winner's name revealed?
and you are probably right ...........(so says the king of the 1QP only approach)
if i am meant to win it this time, i will.
and after throwing only 1QP at it, iffin i don't, i will still have alot of money saved that i could have thrown at it, iffin i acted in desperation.
1QP gives me peace.
$100 a draw leaves me saying ......."i can't believe i wasted THAT MUCH money"
all hail the power of the 1QP
I can only hope that will happen because all i buy is a $1 OP
wow... I wouldn't crae if I have to share with 10 people
As long as I get my $342 Million
Before Taxes
During Taxes
and
After Taxes
I will have no complaints.
Anything over MY $342 Million, y'all can have.
May we all be blessed with some cha ching from the next Mega Million drawing.
Wow.....wow.....wow
Went to the local store early to get milk so that I could avoid the lottery lines and I just had to purchase another $1 ticket.
I recall several years ago that I was in line behind a guy that purchased $250 in tickets for the Mega Millions .......... we both lost .......... I only lost $2!
I want to see One Ticket & One Winner ......... the wailing & gnashing of teeth from the greed of envy crowd would be somewhat humorous .............
"you have more than your fair share crowd!?!?!?!"
I could use the money to make a huge impact at some selected schools and charities.
It would be great fun to mitigate the approximately $73 Million in Federal Taxes with some very nice donations to help people with A HAND UP ..... NOT A HAND OUT!
I wish all Lottery Post Members the best !
heres to hoping to get a smallish piece of the beastly prize
if i lived in the states i would play 3QP
3 is my lucky numba :PP
I thought the jackpot might go up to $300 million but $330 million-wow! When I win, forget the champagne and caviar-I'm celebrating with Mountain Dew and hot dogs! Hopefully my tastes won't change and I can still be the same person.
Dang, so the last one was bumped only $5 million (from $237 to $242) and this was a $40 million bump... that's a huge difference.
I hope another person out there has the winning numbers as me, $135,000,000 is a ridiculous take home for one person.
My friend picked up $2Qp from Georgia ,North Carolina and Virginia he spent $6 good luck everyone!!
Doing the rough math . . $208M would be reduced to around $125M after 35% federal and 5% state taxes. That balance invested in a corporate bond fund with a yield of around 5% would generate around $10,000 per day in dividends after 40% taxes.
I'll probably grab a $4 QP. Anybody think it's better to have them all on 1 slip or each individually? I can't wait to drive to Olympia on Wednesday morning!!!
Most jackpot winners have them all on one slip, good luck!
I have some old tickets from PA and KY, they both are $1 QP, im thinking about replaying those QP numbers!
I HAVE A STRONG FEELING THE WINNING TICKET WILL BE SOLD IN THE TWILIGHT ZONE!!!
YOWZA! In the words of Stephan Furst of Animal House.... "OH BOY...This is going to be Great!"
I might just break my rule of playing non-daily-numbers games this one time to have a shot at winning $330 million on my 25th birthday!
im playing a few quick picks and my own numbers and a few numbers that i got from fortune cookies, u never know ;-)
I think one of the reasons the jackpot jumped so much is because many more states offer the Mega Millions game. Not that many people would drive to another state as before but now, if you just have to drive a few miles and know about this big jackpot, it means the jackpots will increase much greater now.
I thought only 1-2 picked it up, all I remember reading on here was the addition of Florida.
Sorry, no. No Mega Millions in Florida. So I guess no one is buying Powerball tickets. The advertised jackpot is 1 million less than its "usual" $35 million.
I remember reading here somewhere, I guess maybe they read something wrong. Oh well I'm not gonna worry about where that extra money comes from.
And ya I can see people not buying PB in favor of driving across the border for MM. I haven't bought PB in a while because of this jackpot.
Yeah, I'm sure that folks in Florida, Alabama, Mississippi, Louisiana, Nevada, Utah, and Wyoming are crossing the borders to buy tickets. Folks from Alabama cross the border into Florida and WIN!
If you think this is a wow, just imagine when it turns over again. If I win this Mega Millions grand prize tomorrow night,I'm going to share some of it with all active Lottery Post members!!!.True believers in the lottery!!!.