Mega Millions jackpot now $660M, nation’s 9th largest prize
Record-Herald (Washington Court House, OH)
DES MOINES, Iowa (AP) — Lottery officials on Thursday raised the Mega Millions grand prize to $660 million, giving players a shot at what would be the nation’s ninth largest jackpot.
The jackpot for Friday night’s drawing has grown so large because there hasn’t been a winner in three months. Those 27 consecutive drawings without anyone matching all six numbers has allowed the jackpot to gradually grow from its $20 million starting point in April.
Even as the big prize has increased, the odds of winning all that money have remained the same — a staggering one in 302.5 million.
The highlighted pre-tax $660 million prize is for a winner who takes an annuity option, paid out in 30 annual payments. Most players choose the cash option, which for Friday’s drawing would be $376.9 million.
Mega Millions is played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands. The game is overseen by state lottery officials.
Congressional Research Service Issues In Focus White Paper on Federal Crop Insurance Program Support for Natural Disasters
As the first variable annuity Turns 70, TIAA CREF still going strong
Advisor News
- Investors remain skeptical of AI in financial advice
- House panel votes to raise certain taxes, transfer money to offset Medicaid shortfall
- OBBBA opens the door for advanced wealth transfer strategies
- Health insurance premium tax bill advancing
- The Medi-Cal money pit
More Advisor NewsAnnuity News
- Lincoln Financial launches two new FIAs
- Great-West Life & Annuity Insurance Company trademark request filed
- The forces shaping life and annuities in 2026
- Variable annuity sales surge as market confidence remains high, Wink finds
- New Allianz Life Annuity Offers Added Flexibility in Income Benefits
More Annuity NewsHealth/Employee Benefits News
- HAFA speaks out against Humana leader’s comments
- NABIP comments to CMS on proposed 2027 ACA marketplace rule
- U.S. House to hold hearing addressing rising health care costs this week
- Insurance firms warn against bill
- House panel votes to raise certain taxes, transfer money to offset Medicaid shortfall
More Health/Employee Benefits NewsLife Insurance News
- SBLI’s EasyTrak Term Now with Chronic Illness Rider at No Additional Premium Cost
- Ethics and IUL: Tax-advantaged strategies for client success
- SWBC’s Joan Cleveland Appointed to the Texas Life and Health Insurance Guaranty Association Board of Directors
- Indexed life sales hit big despite lawsuits, market headwinds, Wink finds
- Are the biggest life insurance opportunities hiding during tax season?
More Life Insurance News