24
April , 2014
Thursday

The North Mobile Post

News and Commentary from Around the World

Mega Millions Lottery at Record High

Posted by David Merrell On March - 30 - 2012

    The Mega Millions lottery has reached an all time high of $640 million. Officials say that people have bought over $1.46 billion worth of tickets for tonight’s drawing. The odds of winning the lottery stand at 1 in 176 million. If a single person wins the money they could receive their winning in annual payments or in a lump sum of $462 million. After taxes that number would drop to $347 million.

    The record breaking lotto is causing a frenzy across the country. Some people are buying thousands of dollars worth of tickets according to reports by the Associated Press. Most buyers have realistic expectations and know the long odds of winning. The Mega Millions lotto is played in 42 states and the District of Columbia. The Mega Millions lottery is not available in Alabama.

    Yahoo has an interesting article via The Atlantic Wire on the bad luck that has befell some lottery winners. There are inherent dangers to acquiring big money quickly. Look at the fate of most professional athletes who find themselves with million dollar contracts in their early twenties and wind up broke by their late thirties. The winner of this jackpot would probably be hard pressed to blow this large amount of money.

**Update** Winning numbers were 46 – 23 – 38 – 4 – 2 – (Mega Ball) 23. No word yet if anyone has won the lottery. Officials say there is a 95% chance someone had the winning ticket. If no winner comes forward, the lotto could climb to nearly $1 billion next week.

Join the Forum discussion on this post

Share
You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Recent Comments

The North Mobile Post was founded in April of 2011. The site serves as a blog covering Mobile County as well as news from around the world.

eXTReMe Tracker

Recent Comments

Top Two Teams Fall In College Football

On Nov-18-2012
Reported by David Merrell

Man of Steel Flies To Top Of Box Office

On Jun-17-2013
Reported by David Merrell

Congress Passes Payroll Tax Cut Extension

On Feb-17-2012
Reported by David Merrell

Individual Mandate Questioned by Supreme Court Today

On Mar-27-2012
Reported by David Merrell

Nick Fairley Arrested Again

On May-27-2012
Reported by David Merrell