Historic $1.6 billion Mega Millions drawing set for tonight

The odds of winning Powerball are 1 in 292.2 million.

No grand prize victor was drawn Saturday and the jackpot is now $620 million.

Typically, the Mega Millions lottery sells $40 million dollars worth of tickets a year in Washington.

The cutoff time to buy your Mega Millions ticket in Iowa is Tuesday at 8:59 p.m.

Check your numbers: victor announced in record $1.6 billion Mega Millions lottery, the largest jackpot in the history of the game.

Yes. Canadians can cross the border to buy tickets, but you'll have to check the laws of the state you're visiting.

Mega Millions has already smashed its own jackpot record, which was $656 million, shared by winners in three states in March 2012. Chances of winning the jackpot are one in 302,575,350, according to the Mega Millions website.

"I'm going to be 70", said Hasenkopf.

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That puts the jackpots for the nation's two largest lotteries at more than $2.2 billion.

If it seems like lottery jackpots are getting larger and larger, it's because they are getting larger and larger.

I'll never win, but you gotta give it a shot. But as is usually the case when it comes to the lottery, the biggest victor will be the government. Almost all winners opt for cash, but the annuity has advantages, as it reduces the tax bill a little and offers a stable flow of income that climbs by 5 percent annually.

The annuity comes with big tax advantages, because it's like leaving your money with the government to invest on your behalf, and the government doesn't pay tax on the investment returns. If no one wins tonight, the jackpot could roll over to a mind-boggling $2 billion.

The last time someone hit the jackpot was July 24, when a group in California won $543 million.

Keith Schoen, a clerk at the Neighborhood Grocery, said there were a lot of Mega Millions lottery sales on Friday.

If there is more than one victor, the jackpot would be divided proportionately, as happened in 2012 with a Mega Millions jackpot of US$656 million, a lottery official said.

States have generally reported increased Mega Millions and Powerball sales since the change.

  • Darren Santiago