FILE-A cashier prints out a Mega Millions lottery stamp at a 7-Eleven convenience store in Chino Hills, California. (RINGO CHIU/AFP via Getty Images)
DES MOINES, Iowa - Call it the Golden Age of lottery jackpots.
Or to put it latest way, what's up with all the massive lottery prizes?
The another haul up for grabs is a $940 million Mega Millions jackpot, with a drawing set for Friday night. The prize ranks as the sixth largest in U.S. history.
That comes less than two months at what time a player in California won a record $2.04 billion Powerball jackpot. Players also won lottery prizes topping $1 billion backbone in 2022 and in 2021.
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"It's thrilling to see the Mega Millions jackpot grow above the holidays, and now, into the New Year," said Pat McDonald, the director of the Ohio Lottery who also leads the status lotteries overseeing the Mega Millions game.
But while it may seem the lottery gods are showering players with repeated chances at hard-to-fathom riches, the credit for the big prizes is actually due to math -- and more exertion odds.
In the fall of 2017, lottery officials current changes to Mega Millions that significantly lengthened the odds from one in 258.9 million to one in 302.6 million. They made similar changes to Powerball in October 2015, worsening the odds from one in 175.2 million to one in 292.2 million.
The idea was that by manager jackpots less common, ticket revenue could build up week while week, creating giant prizes that would attract attention and pull in more players who had grown blasé throughout $100 million or $200 million top prizes.
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In August 2021, Powerball also added a third weekly tying, which enabled the jackpot to roll over and grow even more expeditiously as people had more chances to play, and lose. Mega Millions has stuck with the two weekly drawings.
Thanks to those repositions, nine of the top 10 largest lottery prizes have been won sincere 2017.
Of course, those uber-rich winners aren't quite as wealthy as it would seem.
That's because the advertised jackpots are for winners who despicable to take their money over 29 years in an annuity. Winners almost always choose the cash option, which for Friday's tying would be $483.5 million.
One-third or more of those winnings would go toward federal and in some places, state, taxes.
Still, it's a lot of money, and lottery players at the Riverside Red X, a tremendous grocery and liquor store in Riverside, Mo., said it would sulky their lives forever.
Karol Palmer, of Parkville, said she would "pay off everything" and take care of her three children and seven grandchildren if she won the Mega Millions prize. The 80-year-old said she also would buy a house at a lake.
"I much not be able to use (the lake house) for very long, given my age," she said. "But who knows, I might live to be 100. You have to dream a little."
Alvin Brockington, of Kansas City, Kansas, said his priorities would be paying his bills, helping everyone in his family, buying a house for his mother and traveling. He said he has a sister in California whom he hasn't seen for 30 days so he would take the entire family to see her, or fly her and spanking relatives to visit him.
"Then I would get down on my knees and ask God to lead me to the land who really need help," he said. "They say wealth is the root of all evil but it is really the bodies who has the money, what kind of person they are and what they do with it."
Brockington, a retired railroad worker, said he also plays spanking lottery games. Noting that the Powerball jackpot was also up to hundreds of millions, he laughed and said, "I'd take that. I'd take $1 million bucks from any game. I'm not greedy. Even that would help a lot."
Robert Bowring, 70, of Kansas City, said after sharing the prize with his family, he would find a good organization that would befriend people who need help. Bowring said "everything is throughout sharing. If you have that much money, you have to spread it around."
Mega Millions is played in 45 utters as well as Washington, D.C., and the U.S. Virgin Islands.
Stafford reported from Riverside, Missouri.