Get all your news in one place.
100’s of premium titles.
One app.
Start reading

Lotto fever grips U.S. as Mega Millions jackpot hits $1 billion

A sign advertising tickets for the $1-billion Mega Millions lottery drawing is seen in Brooklyn, New York, U.S., October 19, 2018. REUTERS/Shannon Stapleton

(Reuters) - The drawing for the second-largest lottery prize in U.S. history, a cool $1 billion, was held on Friday as lotto fever gripped the U.S.

The lucky numbers 15, 23, 53, 65, 70 and the Mega Ball 7 were drawn on Friday night.

The winner can opt for an immediate cash payment of $565.6 million or receive the $1 billion prize over 29 years. If the $565.6 million were paid in cash, the stack of hundred-dollar bills would reach 2,027 feet (618 meters). That is taller than any skyscraper in the United States including New York City's 1 World Trade Center, which reaches 1,792 feet (546 meters) at its tip.

Signs display the jackpots for Mega Millions and Powerball lottery drawings at a newsstands in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar

The winner of such a prize would be worth more than Vera Bradley Inc and easily have enough money left over to buy a full set of the company's trademark paisley purses and luggage.

And with the winnings they could buy the entire content of a department store and still have enough money left over to be more worth than J.C. Penny Co Inc, valued at $469 million.

Their new-found lottery wealth would also put them above Barnes & Noble Inc and Red Robin Gourmet Burgers Inc, both worth under $500 million.

A sign displays the jackpot for Mega Millions as customers buy lottery tickets in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar

Mega Millions tickets are sold in 44 U.S. states, the District of Columbia and the Virgin Islands.

If more than one winner is picked, the jackpot would be divided proportionately, as happened when the previous Mega Millions record of $656 million was drawn in March 2012 and was shared by winners in Kansas, Illinois and Maryland, a lottery official said.

Powerball, which holds the record for the largest U.S. lottery prize of $1.586 billion in 2016, will hold a separate drawing on Saturday. Its jackpot grew on Friday to $470 million from $430 million, with a lump sum value of $268.6 million.

An impromptu "One Billion dollars" sign is on display as customers line up to buy Mega Millions tickets at a newsstand in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar

The 24 semi-weekly Mega Millions drawings have failed to produce a top winner since July 24, when an 11-member office pool in Santa Clara County, California, hit a $543 million jackpot.

The odds of winning the Mega Millions jackpot are one in 302,575,350, but the odds of winning any of the lesser prizes are one in 24.

If no one wins Friday, lottery officials estimate the jackpot will grow to $1.6 billion, a new U.S. lottery record, for the Tuesday drawing.

An impromptu "One Billion dollars" sign is on display as customers line up to buy Mega Millions tickets at a newsstand in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar

(Reporting by Gabriella Borter in New York; Additional reporting by Trevor Hunnicutt and Peter Szekely in New York; Writing by Lisa Shumaker; Editing by Jessica Resnick-Ault, David Gregorio and Cynthia Osterman)

Customers line up to buy Mega Millions tickets at a newsstand in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar
Signs display the jackpots for Mega Millions and Powerball lottery drawings as customers line up at a store in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar
A customer holds Mega Millions tickets at a newsstand in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar
Customers line up to buy Mega Millions tickets at a newsstand in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar
Signs display the jackpots for Mega Millions lottery drawing at a newsstands in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar
A customer holds Mega Millions tickets at a newsstand in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar
A sign displays the jackpots for Mega Millions lottery drawing in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar
A sign displays the availability of lottery tickets at a store in midtown Manhattan in New York, U.S., October 19, 2018. REUTERS/Mike Sugar
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.