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Grab Your Tickets: $1.6 Billion Mega Millions Jackpot Revealed

24 October 2018

The previous record for the largest USA lottery prize was a $1.586bn (£1.226bn) jackpot for a Powerball draw in 2016.

The South Carolina lottery website reported one jackpot victor as of 1:00 a.m. Wednesday.

If you hit the $1.6 billion Mega Millions jackpot, you could buy 40 fantastic mansions in the sky inside a Manhattan high-rise. Turns out, he had a lottery ticket worth $38.5 million and claimed he bought the winning ticket separately with his own money.

The winning numbers for October 23 are the white balls 5, 28, 62, 65 and 70, plus the gold Mega Ball 5.

Here's how Mega Millions used to work: Players picked five numbers from 1 to 75 and a Mega number from 1 to 15.

It will likely be days or even weeks before a victor steps forward to claim the prize.

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The dream is to win big, but the odds are stacked against us and that is why many people try to increase their odds by participating in office pools.

The jackpot offered to a victor of Mega Millions, one of two major lottery games played across the United States, was $40m in July. Across the USA, people who make less than $10,000 spend an average of $597 on lottery tickets, about 6% of their annual income.

In other words, reducing the number of balls for the first five numbers increases the chances of winning a smaller prize.

The $1.6 billion prize reflects the annuity option, paid over 29 years. The cash option, which almost all winners take, was estimated to be $913 million.

Eight tickets sold in California also brought their buyers some serious cash, though the amount is yet to be determined, according to a tweet from the California Lottery.

Powerball will hold its drawing Wednesday night for a jackpot estimated at $620 million or a cash value of $354.3 million.

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The ticket matched all six numbers in Tuesday night's drawing.

You won't actually win $1.6 billion.

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"It's hard to overstate how exciting this is - but now it's really getting fun", Gordon Medenica, lead director of the Mega Millions Group and director of Maryland Lottery and Gaming, said over the weekend.

Although Tuesday's jackpot was extraordinarily large, it was no fluke.

Mega Millions host John Crow said: "A million dollars in life changing".

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Grab Your Tickets: $1.6 Billion Mega Millions Jackpot Revealed