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Mar 27 2012

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Highest cash jackpot

Mega Millions® jackpot climbs to $363 million with a cash value of $254.8 million

Texans have the opportunity to win big by participating in the drawing for Tuesday night’s estimated $363 million Mega Millions® jackpot. If one ticket matches all six numbers in Tuesday’s drawing, the holder of that ticket can choose between receiving the full jackpot amount in 26 annual payments, or a one-time cash payment of $254.8 million.

“That’s an awful lot of money, no matter how you choose—all at once or over the next 26 years,” said Gary Grief, executive director of the Texas Lottery. “Texas hasn’t had a Mega Millions jackpot winner since 2010, so I think we’re past due for a big winner.”

FACTS ABOUT THIS JACKPOT:

  • Features the third largest jackpot in Mega Millions history
  • The highest cash value option jackpot in U.S. lottery history ($254.8 million)
  • Ties for fourth largest jackpot for any lottery game in U.S. history (estimated $363 million)
  • Ties for fourth largest jackpot in world history (estimated $363 million)

Tomorrow’s jackpot has been increasing since January 27, when the Mega Millions jackpot was last won. The jackpot has now rolled 17 times without a winner. The odds of winning the jackpot are approximately one in 176 million. The odds of winning any of the Mega Millions prizes are approximately 1 in 40.

Beginning with the first ticket sold in 1992, the Texas Lottery® has generated more than $19 billion in revenue for the state and distributed $37 billion in prizes to lottery players. Since 1997, the Texas Lottery has contributed $14 billion to the Foundation School Fund, which supports public education in Texas. As authorized by the Texas Legislature, certain Texas Lottery revenues benefit state programs including the Fund for Veterans’ Assistance.

Celebrating its 20th anniversary this year, the Texas Lottery provides several entertaining games for lottery players including Powerball®, Mega Millions, Lotto Texas®, Texas Two Step®, Pick 3, Daily 4, Cash Five® and scratch-offs. For more information about the Texas Lottery, please visit www.txlottery.org.

 

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