But because the winning ticket was bought in Michigan, a state that allows winners to remain anonymous, it took a few months for the public to learn anything about the winners. lottery prize ever was finally won in a January 2021 Mega Millions drawing. Of course, all of the estimated amounts are before federal taxes come into play, and before state taxes (if relevant) are calculated.The third-biggest U.S. You’ll ultimately get more money with the annuity, but you’ll have more cash right away with the lump sum. So if you win the big jackpot, you’ll have a big decision to make about whether you’ll take the annuity option (which increases by 5% each year to help counter inflation) or the lump sum. When the jackpot is $50 million, each payment is half as big, etc.Ĭash option: A one-time, lump-sum payment that is equal to the cash in the Mega Millions jackpot prize pool. When the jackpot is $200 million, each payment is twice as big. This helps protect winners’ lifestyle and purchasing power in periods of inflation.įor a typical jackpot of $100 million, the initial payment would be about $1.5 million, and future annual payments would grow to about $6.2 million. Each payment is 5% bigger than the previous one. Contact your Mega Millions lottery for detailed information.Īnnuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Prize claim parameters vary from state to state. If you win a Mega Millions jackpot, you will choose how to be paid: Cash Option or Annual Payout. Mega Millions’ website explains the difference between the two: The July 29 drawing is worth $1.1 billion, or a cash option of $648.2 million if you choose to just take a lump sum up front. You’ll want to check the story or call a location near you to make sure they are still selling, if you have to buy a ticket close to the deadline. But most retailers stop selling tickets a little earlier than that, typically 15 minutes to an hour before the drawing. The Mega Millions drawing takes place at 11 p.m. If you want to know when the cutoff time is for buying a ticket for the Mega Millions drawing, check out Heavy’s story here. On YouTube here, you’ll be able to watch a video of the drawing later in the day if you miss it when it happens. On Google, you can use the My Lottos app, which won’t show a live stream but will show the results shortly thereafter. If it doesn’t show a stream, it will at least show the results of the drawing for you once they are known. You may also be able to watch live streams on your phone via the LotteryHUB app. FuboTV often comes with a seven-day trial. WRAL also streams drawings here, but these may not always be available live.Īccording to NJ.com, you can also watch the drawing live as it airs on FuboTV, which carries stations like ABC and Fox that often air drawings live. Central they live stream drawings at that link, which may include streaming the Mega Millions drawing. The Texas Lottery has a webcast you can watch at this link. The link may show a previous broadcast before the lottery begins. Lottery Universe recommends this link for watching the drawing online live. You may also be able to watch on WSB-TV 2’s live stream (where the drawing actually takes place) which is available here. Mississippi’s Official lottery website provides a page for streaming the lottery here. If the stream does not air the drawing, additional options are listed below. Until the drawing airs, you’ll either see a live newscast or a replay of an older newscast below. Please note that it’s not guaranteed they will show the drawing live in the video below, so you’ll want some backups ready just in case it doesn’t work or the servers get overloaded. This video is embedded below, but you’ll want to use the link if it doesn’t work on your browser. One of your first options for streaming the drawing is via WGN-TV at this link, where the station’s newscasts are streamed live. Read on to learn how you can stream the Mega Millions drawing on your computer, phone, or mobile device. You can watch the drawing online live below using any of the links listed. Eastern, but this one is special because it’s one of the largest jackpots in Mega Millions history. The lottery drawing takes place every Tuesday and Friday night at 11 p.m. This illustration photo shows a Mega Millions lottery ticket in Washington, DC, on July 26, 2022.Ī new Mega Millions drawing for $1.1 billion is happening tonight on Friday, July 29, 2022.
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