No Mega Millions victor, but $1M ticket sold in Arizona over weekend

Alicia Cross
October 25, 2018

Gordon Medenica, lead director of the Mega Millions Group, said in a statement: "Mega Millions has already entered historic territory, but it's truly astounding to think that now the jackpot has reached an all-time world record". It was the 25th drawing in a row that did not result in a victor.

The victor of the Mega Millions $1.6 billion jackpot should get some good financial advice and keep in mind to sign the ticket, game director Gordon Medenica told NBC's "Today".

While the massive jackpot remains, there were five winning $1 million tickets sold in our area.

Meanwhile, the Powerball jackpot has also climbed to an estimated $620 million for Wednesday night's drawing, making it the fifth-largest jackpot in USA history.

But much of the focus has been on Tuesday's Mega Millions drawing and what would be the largest jackpot prize in US history. Koppy said the profits go into the state's general fund. I might even buy a Powerball ticket too, because $620 million doesn't sound like a bad payout either.

"A billion dollars is hard to blow, but still, some people can blow a lot of money", says Schrager.

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But someone is over $38,000 richer this morning after purchasing a winning Florida Lottery Fantasy 5 ticket in Davisville. Two Houston-area tickets that were sold are worth millions after the Mega Millions jackpot on Friday.

At the K-12 level, that money is distributed to schools across the state through the state Education Department's funding formula, said Steffie Corcoran, a spokeswoman for the department. The next drawing will be held Tuesday night at 11 p.m., according to the Mega Millions website. Well, the cash option has gotten less rich because interest rates are higher today than they were in early 2016.

If you opt to take a lump sum payment instead of the annuity, your prize is a little more than $900 million.

That would make it the fifth-largest jackpot in USA history. The other strategy is that I only usually buy one.

"I thought I had one last week and it didn't work out, so who knows", said Domenick Librera. The games are played in 44 states, Washington, D.C. and the U.S. Virgin Islands.

Should you win, how much would you really take home?

But there are some quirks and surprises about the math equations that likely will soon vault someone into stratospheric wealth after the jackpots grew for months without a victor. New York has the highest tax at 8.8 percent and residents of New York City face another 3.8 percent extra in taxes.

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