Oklahomans buy tickets as Mega Millions tops $1 billion – InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Life Insurance
    • Annuity News
    • Health/Employee Benefits
    • Property and Casualty
    • Advisor News
    • Washington Wire
    • Regulation News
    • Sponsored Content
    • Webinars
    • Monthly Focus
  • INN Exclusives
  • NewsWires
  • Magazine
  • Free Newsletters
Sign in or register to be an INNsider.
  • INN Exclusives
  • NewsWires
  • Magazine
  • Free Newsletters
  • Insider
  • About
  • Advertise
  • Editorial Staff
  • Contact
  • Newsletters

Get Social

  • Facebook
  • Twitter
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 28, 2022 Newswires No comments
Share
Share
Tweet
Email

Oklahomans buy tickets as Mega Millions tops $1 billion

Daily Oklahoman (Oklahoma City)

No one matched all six numbers to win the top prize in Tuesday's Mega Millions drawing, allowing the cash prize to grow to more than $1 billion for those buying tickets for the next drawing.

No big winner, but drawing produces

several smaller prize payouts

While no one won the big prize, nine people across the country did take home prizes for matching five of the six numbers. Eight players won $1 million and a ninth winner takes home $3 million for matching the five numbers with the multiplier.

Tuesday's numbers were: 07-29-60-63-66, Mega Ball: 15.

None of Tuesday's winners were from Oklahoma, but hailed from six other states. Mega Millions is played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands. The game is coordinated by state lotteries.

What happens to the big prize now?

The top prize will likely continue to grow until the next drawing takes place.

The jackpot has grown so large because no one has matched the game's six selected numbers since April 15. That's 29 consecutive drawings without a big winner.

The new estimated jackpot for Friday's drawing will be the nation's fourth-largest lottery prize. The odds of winning the jackpot are 1 in 302.5 million.

High prize leads to increases in ticket sales in Oklahoma

As the Mega Millions prize rises, more Oklahomans are taking a chance on winning some serious cash, according to the Oklahoma Lottery Commission.

"We are definitely seeing an uptick in sales. It's been quite popular for several weeks now, but when it gets this high, it definitely starts to go up quite a bit," said Abby Morgan, director of marketing and product development.

If a single person has the six matching numbers, they take the prize. The $1.02 billion prize is for winners who choose the annuity option, paid annually over 30 years. Most winners opt for the cash option, which for the next drawing Friday night is an estimated $602.5 million.

"There is a chance that more than one person could have the winning numbers, that's happened quite a bit in the past," she said. "Especially when the jackpot gets this high and sales are so large."

Oklahoma has almost 2,000 retailers for lottery tickets, including several with self-service kiosks, Morgan said. With multiple winners the jackpot is shared and each person has the choice between an annuitized payout or a singular lump sum payment.

Ahead of Tuesday's drawing, several Oklahomans at a Domino Convenience store in Shawnee shared what they might do upon winning.

One woman, a teacher, who asked not to be named, said she'd pay off her bills and "then maybe go on a cruise." She also said she'd be just fine with being one of several winners with the prize as large as it is.

Another ticket buyer, who asked not to be named, said he would "disappear," if he won.

"I mean, you'd have friends and family coming out of the woodwork, so that's what I would do," he said.

The two players will have to try their luck again in Friday's drawing.

Meanwhile for Paula Robbins, who purchased tickets from the lottery kiosk in the store, her ticket is good for six more draws thanks to a feature that allows players to buy a single ticket for multiple dates.

Robbins said the prospect of winning means a chance to give back in a way she can't currently and help both animals and people in her community.

"I would help all of the people around here," she said. "I would love to put in a homeless shelter; we need a good one."

Tickets for the next drawing can be bought until 8:59 p.m. on Friday.

The Associated Press contributed to this report.

Older

Mega Millions becomes Mega Billion for Friday drawing

Newer

Mega Millions jackpot: Is it possible to guarantee a win?

Advisor News

  • Inflation Reduction Act may have little impact on inflation
  • SEC obtains judgment against broker charged with defrauding clients
  • Here's one reason why America's racial wealth gap persists across generations
  • Ken Morris: Before you retire early, ask yourself a simple question
  • Half of Kansans have no retirement savings. This statewide program is a no-brainer
More Advisor News

Annuity News

  • Global Atlantic announces $10B group annuity reinsurance deal with Equitable
  • Colorado adopts new annuity sales regulations
  • National Western Life introduces new fixed indexed annuity, NWL New Frontiers
  • Jackson National announces second quarter 2022 results
  • Brighthouse Financial adds to Shield Level annuity suite with new product
More Annuity News

Health/Employee Benefits News

  • Higher out-of-pocket patient bills are hitting hospitals hard
  • Best’s Commentary: Inflation Reduction Act will benefit U.S. health insurers
  • Virginia Obamacare rates set to fall next year
  • Colorado workers, employers to begin paying 0.45% of wages for voter-approved paid leave program
  • Connecticut insurers defend rate hike requests during public hearing
More Health/Employee Benefits News

Life Insurance

  • Sammons names Tyler Brown new government affairs director
  • Alex Murdaugh petitions to delay Mallory Beach trial amid murder charges
  • Sales of life combination products rebound in 2021, LIMRA reports
  • Integrity Marketing Group acquires Richman Insurance Agency
  • How to get the most out of Life Insurance Awareness Month
More Life Insurance

- Presented By -

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

FEATURED OFFERS

Get Linked INN to your industry Connect with INN on LinkedIn to be first on all the news and insights that matter to your industry.

Press ReleasesAll press releases

  • Ibexis Life & Annuity Insurance Company Launches Innovative Fixed Annuity
  • National Western Life introduces newest fixed indexed annuity, NWL® New Frontiers
  • CybeReady Supports Security Defenses with CISO Toolkit
  • Life and Disability Income Insurance Products from MassMutual Now Available on iPipeline®’s End-to-End Digital Platform
  • Business on the Go with The Crump Mobile App
Add your Press Release >

Topics

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property and Casualty
  • Advisor News
  • Washington Wire
  • Regulation News
  • Sponsored Content
  • Webinars
  • Monthly Focus

Top Sections

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits News
  • Property and Casualty News
  • AdvisorNews
  • Washington Wire
  • Insurance Webinars

Our Company

  • About
  • Editorial Staff
  • Magazine
  • Write for INN
  • Advertise
  • Contact

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2022 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • AdvisorNews

Sign in with your INNsider Account

Not registered? Become an INNsider.