$1.05 billion Mega Million jackpot is の中で a 殺到する in 抱擁する payouts 予定 to more than just luck
DES MOINES, Iowa (AP) - Another day, another billion dollar 宝くじ jackpot.
At least, that's how it seems ahead of Tuesday night's Mega Millions 製図／抽選 for an 概算の $1.05 billion 最高の，を越す prize.
It's a 抱擁する sum of money, but such 巨大（な） jackpots have become far more ありふれた, with five prizes topping $1 billion since 2021 - and one jackpot reaching $2.04 billion in 2022.
The 大規模な prizes are 予定 in part to chance, but it's not all happenstance. Rising 利益／興味 率s coupled with changes to the 半端物s of winning are also big 推論する／理由s the prizes grow so large.
HOW DO INTEREST RATES INCREASE JACKPOTS?
Nearly all jackpot 勝利者s 選ぶ for a lump sum payout, which for Tuesday night's 製図／抽選 would be an 概算の $527.9 million. The lump sum is the cash that a 勝利者 has 現実に won. The 最高潮の場面d $1.05 billion prize is for a 単独の 勝利者 who is paid through an annuity, which is 基金d by that lump sum and will be 施し物d out 毎年 over 30 years.
FILE - The awnings of a 蓄える／店 advertise the sale of 宝くじ tickets, 含むing Mega Millions, Wednesday, Jan. 11, 2023, in New York. The Mega Millions prize has grown to an 概算の $1.05 billion for the Tuesday, Aug. 1, 2023, 製図／抽選. (AP Photo/Seth Wenig, とじ込み／提出する)
That's where the higher 利益／興味 率 becomes a factor, because the higher the 利益／興味 率, the larger the annuity can grow over three １０年間s. The U.S. is in the 中央 of a remarkable run of 利益／興味 率 増加するs, with the 連邦の Reserve raising a 重要な 率 11 times in 17 months, and that higher 率 enables a 概略で $500 million lump sum prize to be advertised as a jackpot of about twice that size.
HOW DOES THE ANNUITY WORK?
A 勝利者 who chooses the annuity 選択 would receive an 初期の 支払い（額） and then 29 年次の 支払い（額）s that ri se by 5% each year. 選ぶing for an annuity has some 税金 advantages, as いっそう少なく of the winnings would be 税金d at the 最高の，を越す 連邦の 所得税 率 of 37%. It also could be an 選択 for 勝利者s who don't 信用 themselves to manage so much money all at once.
If 宝くじ 勝利者s die before 30 years, the 未来 支払い（額）s would go to their 受益者s.
WHY DO WINNERS SNUB THE ANNUITY OPTION?
The annuities 支払う／賃金 out big money, but the 初期の 支払い（額） is not nearly as big as the 量 for those taking the lump sum.
For example, a 単独の 勝利者 of Tuesday night's Mega Millions could choose a lump sum of an 概算の $527.9 million or an 初期の annuity 支払い（額） of about $15.8 million. Of course, those annuity 支払い（額）s would continue 毎年, and every year they would get a little larger until the final check would 支払う／賃金 out about $65.1 million. By the end of the 30-year-period, the annuity payout would be 概略で 二塁打 the lump sum payout.
In both 事例／患者s, the winnings would be 支配する to 連邦の 税金s, and many 明言する／公表するs also 税金 宝くじ winnings.
Nearly all jackpot 勝利者s take the lump sum 選択, 示すing they believe they can 投資する their winnings and come out ahead of the annuity 支払い（額） schedule. Or, maybe it's 簡単に that they want the biggest 初期の payout possible.
WHAT ABOUT THE ODDS OF WINNING?
That's another factor that has created so many 抱擁する prizes for those who match all six numbers.
In 2015, the Powerball 半端物s were changed from 1 in 175.2 million to 1 in 292.2 million. Mega Millions took a 類似の 活動／戦闘 in 2019 by lengthening the game's 半端物s from 1 in 258.9 million to 1 in 302.6 million.
For 宝くじ 公式の／役人s, the hope was that by making it harder to 勝利，勝つ jackpots, the prizes wou ld roll over for weeks and create truly 大規模な マリファナs of money that would in turn 生成する higher sales.
The result is that all of the billion dollar jackpots have come after the changes in the 半端物s.
HOW LONG UNTIL THERE IS A WINNER?
Luck remains a big factor, as the 半端物s of any ticket 存在 a 勝利者 never changes. However, the more people who play Mega Millions, the more of the 可能性のある 302.6 million number combinations are covered.
For the last Mega Millions 製図／抽選 on Friday night, 20.1% of possible number combinations were 購入（する）d. Typically, the larger the jackpot grows, the more people buy tickets and the more 可能性のある combinations are covered.
Tuesday night's 製図／抽選 will be the 30th since the last jackpot 勝利者. That is インチing closer to the longest Mega Millions jackpot 干ばつ, which reached 37 製図／抽選s from Sept. 18, 2020, to Jan. 22, 2021.
The longest jackpot run was for a Powerball prize that stretched over 41 製図／抽選s and ended with a 記録，記録的な／記録する $2.04 billion prize on Nov. 7, 2022.
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The 最高の，を越す 連邦の 税金 bracket has been 訂正するd to 37%.
