Winning Numbers Drawn For $1.6 Billion Mega Millions Jackpot

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Getty Images

According to the MailOnline, the Mega Millions' odds were lowered a year ago to 1-in-303 million from 1-in-259 million, to generate larger prizes.

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".

The Mega Millions jackpot was at an all-time high of $1.6 billion as of Monday afternoon. "We're so happy for the victor, and we know the South Carolina Education Lottery can't wait to meet the lucky ticket holder". The previous record was a $1.586 billion jackpot for a Powerball drawing in 2016. The Maryland Lottery and Gaming estimates that 75% of the 302m possible number combinations will be chosen by the time of the draw on Tuesday night, up from 59.1% on Friday.

Mega Millions is already the largest jackpot in US history and Powerball is in the top five. Several states allow online ticket purchases, but they prohibit out-of-state and foreign purchases. It's calculated by taking the 30 years of installment payments and "discounting" them to a present value by applying an interest rate based on the rates earned on government bonds. In comparison, the odds of getting killed by a shark are 1 in 3.7 million in a lifetime, according to the International Shark Attack File.

The Mega Millions tax bite, though, is pretty solid.

Can you go in person? Players have 365 days after the date of a drawing to claim prizes.

And meanwhile, a store in Nashua, New Hampshire, sold a $1 million ticket, WMUR reported.

The odds of winning Powerball are 1 in 292.2 million. But you can lose almost two-thirds of that $1.6 billion jackpot after you take the lump sum and pay all your state and federal taxes.

The winning numbers are 28, 70, 5, 62, 65.

Not surprisingly, the most Mega Million jackpot winners in the past five years have come from states with the largest populations. If it seems like these astronomical numbers are happening more frequently, it's because they are.

Based on the projected payout schedule for tomorrow's prize, that interest rate now sits around 3.45 percent, up from 2.84 percent when I examined the big Powerball prize for the New York Times almost three years ago.

States have generally reported increased Mega Millions and Powerball sales since the change.

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