(Reuters) – The U.S. Mega Millions jackpot grew to $1.6 billion, a world record for a lottery, after Friday’s drawing produced no winner of the grand prize, officers stated.
FILE PHOTO: Signs show the jackpots for Mega Millions and Powerball lottery drawings at a newsstands in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar
The subsequent Mega Millions draw will likely be on Tuesday, after no one hit all the numbers of 15, 23, 53, 65, 70 and the Mega Ball 7 throughout Friday night time’s draw.
“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,” Gordon Medenica, lead director of the Mega Millions Group, stated in an announcement.
The record jackpot degree for the multi-state U.S. lottery follows a transfer by the sport’s organizers a 12 months in the past to decrease the chances of profitable, to one-in-303 million from one-in-259 million, in an effort to generate bigger prizes.
If a participant hits all six numbers to win the jackpot, they’ll go for a right away money fee of $904 million or obtain the $1.6 billion prize over 29 years.
The present jackpot beats the earlier record, a $1.586 billion jackpot for a Powerball drawing in 2016, stated Seth Elkin, a spokesman for Mega Millions.
A Spanish lottery known as El Gordo usually generates a bigger purse than Mega Millions or Powerball, however that cash is cut up between many alternative winners and no single prize in El Gordo approaches the dimensions of the most recent Mega Millions jackpot, Elkin stated.
The 24 semi-weekly Mega Millions drawings have failed to provide a high winner since July 24, when an 11-member workplace pool in Santa Clara County, California, shared a $543 million jackpot.
That is partly by design.
When lottery officers modified the foundations for Mega Millions in October 2017 to shrink the chances of profitable and enhance ticket costs to $2 from $1, then-Mega Millions president Debbie Alford stated the improvements would ship “attention-grabbing jackpots” and generate elevated revenues.
Leaders of the U.S. lottery business, which generates about $80 billion in annual income, have experimented with totally different guidelines and advertising methods as they’ve encountered falling curiosity amongst millennials, who’re used to the almost-instant gratification of on-line video games and social media. reut.rs/2AkTiya
Rule adjustments have additionally been made through the years to lower the chances of profitable the jackpot in Powerball, one other common multi-state lottery.
Powerball has a separate draw scheduled on Saturday. Its jackpot rose on Friday to $470 million from $430 million, with a lump sum worth of $268.6 million.
Mega Millions tickets are offered in 44 U.S. states, the District of Columbia and the Virgin Islands. Several states permit on-line ticket purchases, however they prohibit out-of-state and international purchases, Elkin stated.
If a couple of winner is picked, the jackpot can be divided proportionately, as occurred when the earlier Mega Millions record of $656 million was drawn in March 2012 and was shared by winners in Kansas, Illinois and Maryland, a lottery official stated.
Additional reporting by Brendan O’Brien in Milwaukee; Editing by Jane Merriman and Franklin Paul