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The Mega Millions prize is up to $1.55 billion. Why is it taking so long for someone to win?

The Mega Millions prize is up to $1.55 billion. Why is it taking so long for someone to win?
ALL RIGHT. THANK YOU, TOM. WITH THE MEGA MILLIONS JACKPOT IS NOW UP TO MORE THAN $1 BILLION. AND HERE TO TALK ABOUT IT IS MARYLAND LOTTERY DIRECTOR JOHN MARK. JOHN, JOHN, I FEEL LIKE WHAT IS GOING ON? THIS SEEMS LIKE CRAZY TOWN THESE DAYS, ISN鈥橳 IT, THOUGH? YES. 1.05 BILLION OR 1 BILLION? 50 MILLION, IF YOU PREFER TO SAY IT THAT WAY. IT DOES SEEM THAT LATELY WE鈥橵E HAD A RASH OF LARGE JACKPOTS AND THE REALITY IS IT鈥橲 JUST THE WAY THE NUMBERS SEEM TO FALL. DEBORAH YEAH, THAT鈥橲 JUST THE WAY THAT IT HAPPENS TO BE. BUT YOU SAY IT SO CALMLY, JOHN, AND YET WE鈥橰E ALL IT鈥橲 FRENETIC AND NUTS OVER THIS. IT鈥橲 MY JOB TO BE CALM WHEN ALL THIS HAPPENS, RIGHT? YOU KNOW, IT IS A LOT OF FUN TO TO TO THINK ABOUT WHAT MIGHT HAPPEN, RIGHT? WELL, YEAH, IT鈥橲 REALLY HARD TO STOP DOING THAT. SO LET ME ASK YOU, BECAUSE WE SAID THIS, THAT YOU HAVE SOME GREAT, FABULOUS TIP FOR IF YOU WIN, IF YOU ARE THAT PERSON ON, WHAT IS THE FIRST THING YOU SHOULD DO AND THE FIRST THING YOU SHOULDN鈥橳 DO? WELL, THEY鈥橰E KIND OF RELATED. I MEAN, FEEL FREE TO SCREAM AND, YOU KNOW, HAVE SOME FUN AND JOY. BUT WHEN WHEN THAT SUBSIDES, SIGN THE BACK OF YOUR TICKET. SECURE IT IN A PLACE, NOT THE FREEZER BEHIND THE VEGETABLES SECURED IN A PLACE THAT THAT MAKES SENSE TO YOU. AND THEN SEEK SOME FINANCIAL ADVICE. YOU HAVE 182 DAYS TO CLAIM ANY PRIZE AT THE MARYLAND LOTTERY. SO MAKE SURE YOU GET ALL YOUR YOUR FINANCIAL AFFAIRS IN ORDER, BECAUSE WHAT YOU DO NEXT WILL CHANGE YOUR LIFE AND GENERATIONS TO COME. SO SECURE IT IN A PLACE THAT MAKES SENSE TO YOU. WHERE WOULD YOU SECURE YOUR TICKET? WELL, I鈥橫 NOT GOING TO TELL YOU, BUT YOU DON鈥橳 EVEN GET TO PLAY. NO, I DON鈥橳. BUT I GET TO SEE THE JOY AND THE FUN WHEN PEOPLE COME IN AND IT IS LIFE ALTERING TO SEE SOMEONE COME IN WITH THAT MASSIVE AMOUNT OF MONEY. OKAY. THAT鈥橲 VERY SELFLESS. HOWEVER, THERE鈥橲 WHEN IT GETS THIS BIG, YOU MUST JUST GET ITCH A LITTLE BIT THAT YOU WISH YOU COULD PLAY. YOU KNOW WHAT? I DON鈥橳 REALLY. I鈥橫 SORRY. I鈥橫 KIND OF THE MOST BORING PERSON. WELL, LET鈥橲 SEE WHAT YOU TELL ME IN THE COMMERCIAL, JOHN. NO, NO, I GET IT. I GET IT. NOBODY THAT WORKS FOR THE LOTTERY CAN PLAY, CORRECT. ALL RIGHT, SO WHEN IS THE DRAWING? DRAWING IS TOMORROW NIGHT. YOU HAVE UP UNTIL 1045. TOMORROW EVENING. STAY TUNED. DURING THE DAY, WE MAY SEE THIS JACKPOT INCREASE A LITTLE BIT BEYOND WHERE IT IS NOW AT 1.05. SO YOU MAY IT COULD GET TO, WHAT, TOMORROW? WELL, MORE THAN THAT, IT鈥橲 A FUNCTION OF SALES AND HOW THINGS GO. BUT STAY TUNED. CHECK OUT ALL YOUR MEDIA OUTLETS AND BE READY BY 1045 TO GET YOUR TICKET AT ANY OF OUR 4400 LOTTERY LOCATIONS. YOU CAN鈥橳 EVEN DO A SCRATCH OFF NOTHING, JOHN. I鈥橫 SORRY.
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The Mega Millions prize is up to $1.55 billion. Why is it taking so long for someone to win?
There is no mystery why the Mega Millions jackpot has grown to $1.55 billion, making it the third-largest ever ahead of Tuesday night's drawing.The prize has ballooned because no one has matched the game's six winning numbers since April 18, amounting to 31 straight drawings without a big winner. The nearly four-month-long unlucky streak could be all the sweeter for the person who finally lands the top prize, which is inching toward the record lottery jackpot of $2.04 billion won in 2022 by a player in California.鈥淚t鈥檚 a fun thing,鈥� said Merlin Smith, a retired real estate appraiser who stopped Monday at a gasoline station in Minneapolis to buy five tickets. 鈥淏ut if you鈥檙e depending on winning, you鈥檇 be disappointed a lot.鈥漌hy does it take so long for someone to win? It has been a long stretch of jackpot futility, but Tuesday night's 32nd straight drawing since the last winner still isn't a record. The longest run for a Mega Millions jackpot was 36 drawings that ended on Jan. 22, 2021, with someone winning a $1.05 billion jackpot. The record number of lottery draws was for a Powerball prize that ended after 41 drawings when someone won the record $2.04 billion jackpot.Wins are so rare because the odds are so miserable, at 1 in 302.6 million. When a drawing fails to produce a big winner, the prizes roll over for weeks. Bigger prizes sell more lottery tickets, which also drives more revenue for the state services lotteries fund.Steven Tallant, who bought three Mega Millions lottery tickets Monday at the same gas station in Minneapolis, said he doesn't expect to win even a smaller prize.鈥淚t鈥檚 a cheap fantasy,鈥� Tallant, a retired university president, said with a chuckle. 鈥淔or a couple of bucks, for a couple days, you get to have a fantasy that you鈥檙e going to win big. I鈥檝e been playing for many years and very seldom win. But a couple bucks here and there is all I ever do.鈥滺ow many number combinations are there? There are roughly 302.6 million possible number combinations for the five white balls and separate gold Mega Ball in Mega Millions. The white balls are numbered from 1 to 70 and the Mega Ball goes from 1 to 25.To put that number in perspective, consider that all the tickets sold for last Friday's drawing produced only about 35% of the possible number combinations. That means about 65% of possible combinations 鈥� or nearly 200 million options 鈥� were not covered. Lottery officials expect that as sales increase ahead of Tuesday night's drawing, the potential combinations covered will rise to just over 41%.Don't expect to put $1.55 billion in the bank Yes, the money will come pouring in if you win the Mega Millions jackpot, but don't expect a $1.55 billion check to pop into your bank account.That's because the estimated $1.55 billion prize is for a sole winner who chooses to be paid over 30 years through an annuity. Jackpot winners almost always choose a lump sum payment, which for Tuesday night's drawing would be an estimated $757.2 million.For either prize option, a big slice of the money would go toward federal and possibly state taxes.State lotteries typically lop off 24% of winnings for federal taxes, and the bill can run even higher because the top federal income tax rate is 37%. Many states also tax lottery winnings.As more people buy tickets, the chances also increase that more than one person could match all six numbers. For example, a $1.586 billion Powerball prize was won in 2016 by three players in California, Florida and Tennessee. That means a winner could end up with only a portion of a very large jackpot.What is the best way to choose my numbers? Players overwhelmingly choose the easy pick option when buying tickets, letting the machine generate numbers for them. In Iowa, for example, more than 90% of Mega Millions purchases were to people who let the machine choose, rather than selecting the numbers themselves.The odds are the same no matter if the machine chooses the numbers, or you do. Where is the lottery played? Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands. The game is not played in Alabama, Alaska, Hawaii, Nevada and Utah.___Associated Press writer Trisha Ahmed contributed to this report from Minneapolis.

There is no mystery why the Mega Millions jackpot has grown to $1.55 billion, making it the third-largest ever ahead of Tuesday night's drawing.

The prize has ballooned because no one has matched the game's six winning numbers since April 18, amounting to 31 straight drawings without a big winner. The nearly four-month-long unlucky streak could be all the sweeter for the person who finally lands the top prize, which is inching toward the record lottery jackpot of $2.04 billion won in 2022 by a player in California.

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鈥淚t鈥檚 a fun thing,鈥� said Merlin Smith, a retired real estate appraiser who stopped Monday at a gasoline station in Minneapolis to buy five tickets. 鈥淏ut if you鈥檙e depending on winning, you鈥檇 be disappointed a lot.鈥�

Why does it take so long for someone to win?

It has been a long stretch of jackpot futility, but Tuesday night's 32nd straight drawing since the last winner still isn't a record. The longest run for a Mega Millions jackpot was 36 drawings that ended on Jan. 22, 2021, with someone winning a $1.05 billion jackpot. The record number of lottery draws was for a Powerball prize that ended after 41 drawings when someone won the record $2.04 billion jackpot.

Wins are so rare because the odds are so miserable, at 1 in 302.6 million. When a drawing fails to produce a big winner, the prizes roll over for weeks. Bigger prizes sell more lottery tickets, which also drives more revenue for the state services lotteries fund.

Steven Tallant, who bought three Mega Millions lottery tickets Monday at the same gas station in Minneapolis, said he doesn't expect to win even a smaller prize.

鈥淚t鈥檚 a cheap fantasy,鈥� Tallant, a retired university president, said with a chuckle. 鈥淔or a couple of bucks, for a couple days, you get to have a fantasy that you鈥檙e going to win big. I鈥檝e been playing for many years and very seldom win. But a couple bucks here and there is all I ever do.鈥�

How many number combinations are there?

There are roughly 302.6 million possible number combinations for the five white balls and separate gold Mega Ball in Mega Millions. The white balls are numbered from 1 to 70 and the Mega Ball goes from 1 to 25.

To put that number in perspective, consider that all the tickets sold for last Friday's drawing produced only about 35% of the possible number combinations. That means about 65% of possible combinations 鈥� or nearly 200 million options 鈥� were not covered. Lottery officials expect that as sales increase ahead of Tuesday night's drawing, the potential combinations covered will rise to just over 41%.

Don't expect to put $1.55 billion in the bank

Yes, the money will come pouring in if you win the Mega Millions jackpot, but don't expect a $1.55 billion check to pop into your bank account.

That's because the estimated $1.55 billion prize is for a sole winner who chooses to be paid over 30 years through an annuity. Jackpot winners almost always choose a lump sum payment, which for Tuesday night's drawing would be an estimated $757.2 million.

For either prize option, a big slice of the money would go toward federal and possibly state taxes.

State lotteries typically lop off 24% of winnings for federal taxes, and the bill can run even higher because the top federal income tax rate is 37%. Many states also tax lottery winnings.

As more people buy tickets, the chances also increase that more than one person could match all six numbers. For example, a $1.586 billion Powerball prize was won in 2016 by three players in California, Florida and Tennessee. That means a winner could end up with only a portion of a very large jackpot.

What is the best way to choose my numbers?

Players overwhelmingly choose the easy pick option when buying tickets, letting the machine generate numbers for them. In Iowa, for example, more than 90% of Mega Millions purchases were to people who let the machine choose, rather than selecting the numbers themselves.

The odds are the same no matter if the machine chooses the numbers, or you do.

Where is the lottery played?

Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands. The game is not played in Alabama, Alaska, Hawaii, Nevada and Utah.

___

Associated Press writer Trisha Ahmed contributed to this report from Minneapolis.