1/20/2024 0 Comments Dead space helmet drawing![]() ![]() ![]() The highlighted $1.05 billion prize is for a sole winner who is paid through an annuity, which is funded by that lump sum and will be doled out annually over 30 years. The lump sum is the cash that a winner has actually won. Nearly all jackpot winners opt for a lump sum payout, which for Tuesday night's drawing would be an estimated $527.9 million. Rising interest rates coupled with changes to the odds of winning are also big reasons the prizes grow so large. The massive prizes are due in part to chance, but it's not all happenstance. The information you need to know, sent directly to you: Download the CTV News App.It's a huge sum of money, but such giant jackpots have become far more common, with five prizes topping $1 billion since 2021 - and one jackpot reaching $2.04 billion in 2022. Another day, another billion dollar lottery jackpot.Īt least, that's how it seems ahead of Tuesday night's Mega Millions drawing for an estimated US$1.05 billion top prize. ![]()
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