US lottery jackpots climb to $2.2bn combined after no winners

US lottery jackpots climb to $2.2bn combined after no winners

by Joseph Anthony
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Customers line up to buy Mega Millions tickets at a newsstand in midtown Manhattan in New York, US, October 19, 2018

Who wants to be a billionaire?


For $2 a ticket, you have chance to be among the richest people in the world if you beat the longshot odds of 1 in 303 million to win the Mega Millions lottery jackpot of $1.6 billion Tuesday night.

The sum reached a world record for lottery jackpots after there were no winners claimed a $1 billion prize on Friday.

It is so much money that if you took the instant cash payout in $100 bills, you could make a stack over 3,200 feet (975 meters) taller than any building in the world, according to Reuters calculations.

โ€œMega Millions has already entered historic territory, but itโ€™s truly astounding to think that now the jackpot has reached an all-time world record,โ€ Gordon Medenica, lead director of the Mega Millions Group, said in a statement.

But you are more likely to get killed by a shark than win, with odds of a shark attack at 1 in 3.7 million, according the Tucson, Arizona-based International Wildlife Museum.

Before taxes, the cash value of the Mega Millions prize will be an estimated $904 million, which is greater than the gross domestic product of countries including South Africa, Colombia and Switzerland, according to 2017 figures from the World Bank.


Wednesdayโ€™s Powerball lottery prize stands at an estimated $620 million, making it the fifth largest jackpot in U.S. history, officials said, after no one got all six numbers in Saturdayโ€™s drawing.

The lump sum cash payout is estimated at $354.3 million.

The current Mega Millions jackpot beats the previous record, a $1.586 billion jackpot for a Powerball drawing in 2016, said Seth Elkin, a spokesman for Mega Millions.

If there is more than one winner, the jackpot would be shared, as happened when the previous Mega Millions record of $656 million was drawn in March 2012 and was divided between winners in Kansas, Illinois and Maryland, a lottery official said.

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