Mega Millions Odds Shift: Higher Prizes, Price Hikes, and the Mystery of Unclaimed $1.13 Billion Jackpot
October 7, 2024The odds of winning the Mega Millions jackpot currently stand at 1 in 302.6 million, but officials believe that a recent price increase will enhance these odds.
Joshua Johnston, the lead director of the Mega Millions Consortium, anticipates more billion-dollar jackpots and emphasizes the ongoing support for charitable causes funded by lottery proceeds.
In a significant change, players will no longer receive breakeven prizes; all winning tickets will now yield a prize greater than the ticket's cost.
In New Jersey, Powerball ticket purchases must be made by 9:59 p.m. on the day of the drawing, while in New York, the deadline is 10 p.m.
Although no one won the recent Tuesday jackpot, five Match 5 winners were reported across six states, including Louisiana and New York.
Some players have expressed their intention to stop buying lottery tickets due to the increased costs, with critics labeling the price hike as a greedy move.
Lottery officials have noted a decline in ticket sales and are actively seeking ways to revitalize interest in the game.
A 2020 law in New Jersey allows lottery winners to remain anonymous, although their identities must still be disclosed to lottery officials for prize claims.
In Wisconsin, lottery winners cannot remain anonymous due to open records laws, which require the disclosure of winner names and cities upon request.
Lottery tickets are available for purchase at various retail locations and online through the Jackpocket app in select states.
The latest jackpot is the largest ever won in New Jersey and ranks as the fifth largest in U.S. lottery history, with a cash value of $537.5 million.
Notably, the winner of a $1.13 billion Mega Millions jackpot has yet to claim their prize six months after purchasing the ticket.
Summary based on 24 sources
Get a daily email with more US News stories
Sources
CBS Boston • Oct 7, 2024
Mega Millions tickets will cost more after changes to produce bigger lottery jackpots