Published: Tue, October 16, 2018
Money | By Ralph Mccoy

Mega Millions prize of $654M is nation's 4th-largest

Mega Millions prize of $654M is nation's 4th-largest

The big jackpots could mean lines at some ticket locations as the drawings near.

The Mega Millions jackpot for Tuesday's drawing stands at an estimated $654 million, with a cash option of $372.6 million. They may also set a record (or come close) for earnings on a single Powerball or Mega Millions ticket.

Mega Millions jackpots can quickly reach outsized amounts because each prize begins from an initial $40 million and rolls over, sometimes for weeks and weeks, before anyone claims their winnings.

The last time Mega Millions was this big, it was only worth $2 million more.

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The Mega Millions record prize of $656 million goes back to March 30, 2012, when winners from Illinois, Kansas and Maryland split the cash three ways.

Although the jackpot is massive, the odds of matching all six numbers and becoming instantly wealthy are remarkably small at one in 302.5 million. Eggen's ticket matched the five white ball numbers, but missed the Mega Ball to win the game's second prize from the October 5th drawing.

Some lucky Powerball players won in Mt. Juliet and Memphis, totaling $150,000 and $50,000 respectively from last night's drawing. It's now at $18.5 million since no one has won it since February. "Jackpot fever is definitely sweeping the country!"

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