What is the Mega Millions Prize Pool?

The Mega Millions lottery is one of the most popular lotteries in the United States, with a prize pool that often reaches hundreds of millions of dollars. The game is played in 44 states, as well as the District of Columbia and the U.S. Virgin Islands.

The prize pool for Mega Millions is formed by the sale of lottery tickets. A portion of each ticket sold goes into the prize pool, which is then divided among the winners. The more tickets sold, the larger the prize pool becomes.

The biggest Mega Millions prize ever won was $1.537 billion, which was split among three winning tickets in October 2018. This prize broke the previous record for the largest lottery prize ever won, which was held by a Powerball jackpot of $1.586 billion in January 2016.

Players select five numbers from 1 to 70 and one Mega Ball number from 1 to 25. The odds of winning the jackpot are 1 in 302,575,350, which makes winning the Mega Millions a rare event. The odds of winning any prize are 1 in 24.

The Mega Millions drawing is held every Tuesday and Friday at 11 p.m. Eastern Time. Players can purchase tickets up until 10:45 p.m. Eastern Time on the day of the drawing.

Mega Millions is one of the most exciting lotteries in the United States, with the potential for life-changing prize pools. While the odds of winning are low, the game is a fun way to dream about what you would do with the money if you were to win.