Mega Million Jackpot Reaches New Heights

Kosta Kostadinov | Published 27 Jul 2022, 8:33 a.m.

Lottery, as we all know, is quite appealing to people mainly because of the massive jackpots that are being accumulated over time. Earlier this year, we informed you that a new licensee was chosen for the National Lottery in the United Kingdom. It will be none other than Allwyn Entertainment Ltd. which will step into this role from 2024 onwards.

However, it seems that exciting things are also happening in the United States, where the Mega Millions has reached some fantastic new numbers. 

Players ecstatically waiting for the results

For those that are not aware, Mega Millions is one of the most popular lottery games in the US, which started back in 2020 and is now played in around 45 states. A countless number of people take part in the Mega Millions, hoping to win the jackpot prize. 

The most recent drawing was on July 26 of this year when millions of ticket buyers tuned in to see the results and see if they’ve won. Prior to the drawing, the Mega Millions was worth $830 million. In the hopes of winning the jackpot, some people even took some more extreme measures.

CEO buys 50,000 lottery tickets

One of those people, who took a more extreme approach, was a man named Todd Graves. Namely, Graves bought 50,000 lottery tickets, hoping to increase his chances of winning the Mega Millions jackpot. 

His actions might seem over the top but are in fact made with rather noble intentions. Todd Graves is the CEO of the large fast food chain called Raising Cane and he intended to share the potential jackpot with his employees. Buying all of those tickets cost him approximately $100,000, which is around £83,000.

According to Graves, “We couldn’t miss out on the chance to win the Mega Millions jackpot and share it with our crew who always stand together, none of what we do at Cane’s would be possible without our crew, which is why we are always looking for ways to bring them a little extra fun, and if we’re lucky, a surprise on Wednesday morning.”

Unfortunately, that did not happen, as there wasn’t a winning ticket in the drawing. The winning numbers were 7, 29, 60, 63, and 66 with a Mega number of 15.

The Mega Millions jackpot climbs even higher

Since no one won the ultimate prize, the value of the Mega Millions jackpot was increased even more and it entered the billion range. Right now, the jackpot is worth $1.02 billion, which is incredibly impressive. This is the third largest jackpot in the lottery’s history, being topped by the $1.05 billion one in 2021 and the $1.537 billion jackpot back in 2018.

The winner of the Mega Millions jackpot will have two options for receiving the funds. First, the annuity option consists of initial payment, while the rest of the money will be paid out over the next 30 years. The second is the cash option, which is paid out in a single lump sum but will be considerably smaller than the advertised jackpot - roughly around $602.5 million.

Tags:

international gamblingUS Gambling

Posted in:

Editors ChoiceMost Recent
{'country_name': None, 'language_name': None, 'slug': None, 'country_code': None, 'show': False}