Mega Millions: $640 Million Now, $1 Billion On Tuesday?

BOSTON (CBS) – The winning numbers for the Mega Millions jackpot were drawn Friday night.

They are 2-4-23-38-46 and the Mega Ball is 23.

Late Friday morning, lottery officials announced they were raising the jackpot to $640 million, the largest in history.

Listen: Lottery Executive Director Paul Sternberg talks to WBZ NewsRadio 1030

WBZ NewsRadio 1030’s Carl Stevens talks to lottery winner hopefuls

The previous jackpot record was $389 million, for a Mega Millions game in March 2007. Two winning tickets that year were purchased in Georgia and New Jersey.

The lump-sum cash option for Friday’s Mega Millions drawing of $462 million now exceeds that.

If no one wins, Beth Bresnahan, Director of Marketing & Communications for the Massachusetts State Lottery said in a statement that the next jackpot could approach $1 billion.

“If the top prize is not won tonight, the jackpot for Tuesday, April 3rd will skyrocket to an estimated $975 million,” the statement said in part.

The odds of winning a Mega Millions jackpot are 1 in 176 million.

But still, as the saying goes, it only takes one. And some customers at Hub convenience store in South Boston took that to heart when it came to buying their Mega Millions ticket.

“As you can see I’m playing one number. Birthdays and anniversary dates,” said one customer.

He’s banking on a now $640 million dollar jackpot that could go even higher, a payoff that seems like mad money.

“The jackpot is out of control. I can’t even count that high,” said another customer at the Hub.

For some it’s hard to fathom the amount of money that goes a long, long way.

“I think if I hit it I’d have a heart attack,” said one woman filling out her numbers.

The jackpot grew $100 million dollars overnight, after officials from participating states held a conference call and assessed the volume of ticket sales.

“Sometimes it’s good to dream. I could pay off all my bills and buy a house,” one hopeful said.

Dave Caruso from Coastal Capital Group says if you win you must get an estate attorney, financial planner and accountant.

“With big money comes big problems,” says Caruso. “The strategy depends on the person. Sudden wealth creates sudden problems and if you’ve never dealt with those things before, you need to get adjusted to that.”

Here’s a breakdown of what a winner from Massachusetts could expect:

Annuity: $640,000,000:

26 payments: $24,615,385

Fed Tax (25%): – $6,153,846

MA Tax (5%): – $1,230,769


Yearly Payout: $17,230,770

After 26 years: $448,000,020

Cash Option: $462,000,000:

Fed Tax (25%): – $115,500,000

MA Tax (5%): – $23,100,000


Total: $323,400,000

WBZ-TV’s Beth Germano and Jim Armstrong Contributed to this report

  • Willow

    It would be great to have multiple winners. It’s such a large pot, and plenty to go around.

  • Rob Cleary

    The odds of winning a Mega Millions jackpot are 1 in 176 million.

    Sounds like a pretty good investment for someone who has 200 million they are not using

    • George Bush

      Not a good investment at all, there were about 1.5 billion tickets sold. There are several expected winners to split a 323 million after tax payout.

      The expected return of about 200 million dollars is that you would lose about 75% of it.

  • Denise

    Again can someone explain how the jackpot can be 500 million but the one lump pay out is like 370 million.. and what do you get taxed on. I hope I get to find out – but I’m not usually that lucky!! :-) Good luck to everyone and Yes let’s hope for more than one winner!

    • Willow

      Denise, if I’m correct, the pay out of 370 million is after the taxes on the 500 million. It’s still a lot of money after taxes.

  • Julie the Jarhead

    I could get into too much trouble with that much money. I’d give most of it away. Start a foundation and pay myself over the next thirty, forty years.

  • 1stackmack

    l’ll be happy with 1 mill.

  • deadeyes

    its just fun to buy the tickets and have the dreams on what to spend it on til the night of the personally would take care of my entire family kids and a few friends.then i would buy a few apt buildings new house of course and open up a business to keep myself busy.i didnt win tonight but it sure was a great feeling to just talk with my kids and gf what we would have done with all of it.was fun if no one won tonight i wil be doing it again this afternoon and keeping the dream alive.hey you neverknow right?a a dollar and a dream well that sounds like a good plan to me!good luck to all of you trying to win the jackpot!

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