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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Personal FinanceLottery

As Mega Millions jackpot balloons to $1.25 billion, your odds of winning are just one in 302.6 million

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The Associated Press
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August 2, 2023, 10:15 AM ET
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A pedestrian walks by a sign displaying jackpots for the Mega Millions lottery that is valued at over $1 billion on August 01, 2023 in San Francisco, California. Justin Sullivan/Getty Images
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The Mega Millions jackpot increased to an estimated $1.25 billion after no one beat the odds Tuesday night and won the massive lottery prize.

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The winning numbers drawn were: 8, 24, 30, 45, 61 and the yellow ball: 12.

No one has won the Mega Millions jackpot since April 18, allowing it to grow larger and larger. The $1.25 billion prize for Friday’s drawing is one of the largest in U.S. history. Tuesday night’s drawing for $1.1 billion was the 30th straight without a winner.

The lottery drought is due to a combination of poor luck and terrible odds, as the chance of winning the Mega Millions jackpot is 1 in 302.6 million. The odds of winning smaller prizes, ranging from $2 to $1 million, are significantly better.

The new $1.25 billion jackpot is for a sole winner who chooses to collect through an annuity, with annual payments over 30 years. A sole winner who opts for a lump sum payment would receive an estimated $625.3 million.

Winners also would be subject to federal taxes, and many states also tax lottery winnings.

Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.

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