In the event you’ve been making plans on how to spend $940 million, well, here’s your chance. All you need to do is win the lottery.
It’s true, as the Mega Millions jackpot has now hit that number. This is a result of it having plenty of losers, but no grand prize winner.
The next drawing is scheduled for Friday night, Jan. 6.
Granted, if you want the full $940 million, you have to agree to receive it over the course of 29 years. That’s the payout. But you can always take less right away. An immediate cash payout — which is how most winners take their funds — is estimated at $483 million. So, that’s still a pretty nice chunk of change.
Mega Millions Climbs to $940M
Either way, the $940 million jackpot has been deemed the sixth-largest in U.S. history.
In the most recent drawing, there were close to 3 million winning tickets of various amounts, per Mega Millions. That included a winning ticket worth $4 million in each Arizona, South Dakota and Mississippi.
Now, before you get too excited, you probably want to understand the odds of actually winning the total jackpot. For the record, Mega Millions estimates it as one in 302.6 million. So you probably have a better chance of being struck by lightning — like, three or four times.
That said, someone just won a$2 billion Powerball in California on Nov. 8. So it does happen. And someone will eventually win this too. You never know unless you try. And Mega Millions is giving you 90 million reasons to do exactly that.