Mega Millions Lottery Jackpot Has Reached 1.15 Billion. Is it time to buy lotto tickets

Powerball is estimated to be $944 Million for the next drawing. With the current odds, it's slightly becoming worth taking the bet.

If you're thinking of buying every number, keep in mind there is a chance that multiple people can buy the winning number and you'd need to split.


Mega Millions Jackpot

• Jackpot Size (estimated) is $1,150,000,000
• Chance of Winning is 1 in 302,500,000
• Next drawing is Friday, December 27th, 2024 11pm ET
• Lotto Tickets are $2 each

Power Ball Jackpot - not worth it

• Jackpot Size (estimated) is $117,000,000
• Chance of Winning is 1 in 292,200,000
• Next drawing is Wednesday, December 25th, 2024
• Lottery Tickets are $2 each

Reality Check

• Chance of finding a freebie on Spoofee's front page 1 in 3
• Chance of being dealt a straight flush is 1 in 64,974
• Chance of getting hit by lightning is 1 in 500,000
• Chance of flipping a coin and landing heads 20 times in a row is 1 in 1,048,576
• Chance of a plane ride getting in an accident is 1 in 11,000,000
• Chance of Winning Powerball is 1 in 292,200,000
• Chance of Winning Mega Millions is 1 in 302,500,000
• Chance of Winning Both is 1 in 88,412,517,270,000,000

What should you do if you win the Lottery

1. Stay Calm and Keep it Quiet​

• Take a deep breath. Winning can be overwhelming, so allow yourself time to process.
• Keep it private. Avoid sharing the news widely until youve made a plan.

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2. Secure the Ticket​

• Sign the back of the ticket. This ensures you can claim the prize if the ticket is lost or stolen.
• Store it safely. Use a secure place like a safe or lockbox.

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3. Protect Your Privacy​

• Research anonymous claims. Some states or countries allow you to claim winnings anonymously, while others do not.
• Limit early announcements. Only share the news with trusted individuals.

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4. Assemble a Team of Professionals​

• Hire a financial advisor. Look for someone experienced in managing sudden wealth.
• Consult a tax professional. Theyll help you understand and minimize your tax liability.
• Engage an attorney. A lawyer can assist with legal matters, such as setting up a trust to protect your identity and manage the money.

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5. Decide How to Claim Your Prize​

• Lump sum or annuity? Weigh the pros and cons of receiving all the money at once or in installments.
• Understand the tax implications. Both options have significant tax consequences.

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6. Make a Financial Plan​

• Pay off debts. Clear high-interest obligations first.
• Set a budget. Avoid overspending early on.
• Invest wisely. Work with your advisor to grow your wealth sustainably.

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7. Be Cautious with Spending​

• Avoid impulsive purchases. Give yourself time to think before making major decisions.
• Help loved ones thoughtfully. Consider how to assist family and friends without jeopardizing your finances.
• Watch out for scams. Be wary of unsolicited requests or offers.

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8. Consider Long-Term Goals​

• Set up charitable contributions. Giving back can be fulfilling and provide tax benefits.
• Plan for your future. Think about retirement, travel, education, or other aspirations.

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9. Take Care of Yourself​

• Seek support. Winning can bring unexpected stress. A therapist or counselor can help you navigate the emotional changes.
• Enjoy responsibly. Remember to balance enjoyment with responsibility.

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By approaching your lottery win with careful planning and professional advice, you can maximize its benefits and ensure your financial security for years to come.