Mega Millions

Mega Millions

A popular lottery in the United States that is legally available in 42 different jurisdictions. Each ticket costs $1 USD, and can be redeemed for a jackpot of no less than $12 million USD, which is paid in annual installments over 26 years. Winners who chose not to accept their jackpot in annuity also have the option of accepting a one-time cash payment of lesser value. Mega Millions is renowned for having set the record for the world's largest lottery jackpot ever paid, which was in the amount of $390 million USD on March 6th, 2007.

On March 30, 2012, the largest advertised estimated jackpot in Mega Millions and in world lottery history, hits $640 million annuitized or $462 million in immediate payout.

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Category: Gambling
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Industry/Domain: History Category: World history

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