Tags: mega | millions | jackpot | 300m

Mega Millions Jackpot Tops $300M for Tuesday Night's Drawing

Tuesday, 11 Mar 2014 07:02 AM

By Michael Mullins

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The Mega Millions jackpot has reached $309 million and with Tuesday night's drawing a lucky individual could hold the winning ticket for the ninth biggest annuity in the game's history.

Mega Million's last drawing on Friday night resulted in three million dollar tickets being sold between New York, Massachusetts and Texas, with players matching the lottery's first five numbers, which were 11 – 13 – 51 – 57 – 69, but missing the Mega Ball number of 1, Philly.com reported.

With Tuesday's $309 Mega Million jackpot, a single winner can expect to take home a lump sum of $169 million, prior to taxes being applied.

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Mega Millions has seen its jackpots grow significantly since last fall, after the lottery increased its number pool from one through 56 to one through 75 on Oct. 19, thereby significantly increasing the odds against the player.

As a result of the change, the odds of winning a Mega Millions jackpot with a single ticket increased from 1 in 176 million to 1 in 259 million. With tougher odds, Mega Millions officials hoped to see larger jackpots more frequently, and consequently more interest.

Presently, the Mega Millions jackpot has jumped from $240 million to its current $309 million jackpot within just one week.

In comparison, Powerball, which costs $2 per ticket and has one through 59 balls, gives the player a one in 175 million chance of winning the jackpot. The current Powerball jackpot is $60 million, with a cash payout of nearly $33.8 million. The next drawing will be Wednesday night.

Though there were no jackpot winners from Powerball's drawing Saturday night, five players were able to match the first five numbers, which were 10 – 14 – 24 –32 – 41, but missed the Powerball number of 30.

Three million dollar tickets were sold between Pennsylvania, New York and Florida, while another two players in New Jersey and Indiana not only matched the lottery's first five numbers, but also paid an extra dollar for the Power Play option, resulting in a $2 million payout for matching the first five numbers.

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