LANSING, November 14, 2005 – Tomorrow night one lucky Michigan resident could win the largest jackpot in Mega Millions history, a huge $310 million!
“The Mega Millions jackpot just keeps growing, and now we’re so excited to give Michigan players the chance at $310 million,” said Lottery Commissioner Gary Peters.
If one winning ticket matches all six numbers and the player has selected annuity payments, before taxes it would amount roughly to:
- $11.9 million per year for 26 years; or
- $229,289 per week; or
- $32,665 per day!
For those who prefer to take their cash winnings up-front, it’s a pretty nice payday as well. If one lucky cash-option player matches all six winning numbers, he or she will take home a check for approximately $182 million (before taxes), the estimated present cash value of Friday night’s jackpot.
Mega Millions offers many ways to win cash prizes ranging from $1 to the jackpot, including a second-tier prize of $250,000 for matching the first five numbers.
Mega Millions is a multi-state lottery game in Michigan, California, Georgia, Illinois, Maryland, Massachusetts, New Jersey, New York, Ohio, Texas, Virginia and Washington. Wagers cost $1 each and tickets may be purchased at more than 10,000 Michigan Lottery retailers statewide.
All proceeds from the Lottery are contributed to the state School Aid Fund which supports kindergarten through 12th grade public education in Michigan. In fiscal year 2004, the contribution was $644.8 million.
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