Thursday, 15 November, 2018

$1M Powerball ticket sold in Lexington; Saturday's jackpot grows to $430M

Commons Commons
Lindsey Cook | 19 October, 2018, 13:39

The winning numbers on Tuesday were 69, 45, 61, 3, 49, and the Mega Ball was 9.

Two big jackpots at the same time, says Smithfield News owner Kashif Malik, adds up to more ticket buyers. The immediate cash value of the Mega Millions prize is $548 million.

The awful odds of winning don't stop people from playing, because with a jackpot of $970 million dollars, dreamers say "Why not?" Almost all winners opt for cash, but the annuity has advantages, as it reduces the tax bill a little and offers a stable flow of income that climbs by 5 percent annually.

Tickets sold in New Jersey, Kentucky and MA matched the five numbers and each win a $1 million prize. In Indiana, on the other hand, the cutoff for buying Mega Millions tickets is 10:44 p.m. ET. It could happen as soon as Friday night, when the next drawing is held.

The jackpot hit a whopping $868 million on Wednesday, and the prize tempted so many people to buy Mega Millions tickets that the jackpot was increased yet again.

Details of where the winning Florida ticket was sold were not immediately available.

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With the odds as low as they are and the jackpot is as high as it is, some are saying, "Why not?" The next drawing will be Fri., Oct.19, 2018.

Powerball is now at an estimated $430 million and Hoosier Lotto is an estimated $18.8 million.

This week's Tuesday Mega Millions drawing had an estimated jackpot of $667 million, which would have been the game's biggest grand prize in history.

The odds of winning a jackpot remain abysmal at 1 in 302 million for Mega Millions and 1 in 292.2 million for Powerball.

"Ultimately, these games, they're all about the jackpots", Gordon Medenica, Maryland's lottery and gaming director, said Wednesday. MA residents have the biggest taste for playing the odds, spending nearly $763 per year on lottery tickets, the study found.

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