Mega Millions Winner Could Land Record Sum As Jackpot Climbs To $356M

Mega Millions Winner Could Land Record Sum As Jackpot Climbs To $356M
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One lucky American could be in line for the largest lottery win in history this week. The Mega Millions jackpot for Tuesday’s draw has climbed to more than $350million after it went unclaimed on Friday. So gold-diggers in the lottery’s 43 states will surely be keen to get their hands on a ticket for a chance to claim the record sum.

At just $1 a ticket, it could the best investment the winner has ever made.

But players should be wary of getting too optimistic – the chance of winning is just 1 in 175,771,536.

Nonetheless, if a single player does end up taking away the prize it could be the most lucrative lottery victory ever.

The estimated $356million will of course be reduced by taxes – and if it is taken in cash rather than an annuity that will diminish its value further.

But it will in any case dwarf Mega Millions’ current record for a payout to one person, the $319million won by a New Yorker almost exactly a year ago.

The largest win so far was split between two fortunate players in March 2007, when the nominal value of the jackpot stood at $390million.

Tuesday’s $350million-plus jackpot would be more than enough for most people, however – after all, it is the equivalent of $1million per week for an entire 70-year lifespan.

Elite.

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Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

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