Mega Millions to adjust starting jackpot amount, eliminate minimum jackpot roll increases.
Mega Millions Jackpot Adjustment Frequently Asked Questions
Changes will take place following the April 3, 2020 drawing
What is changing?
After the next Mega Millions jackpot is won, the jackpot will reset to an annuitized value of $20 million rather than $40 million. Subsequent starting jackpot amounts will be determined and announced prior to the drawings. There will be no minimum amount for jackpot increases for each roll. Previously, the minimum roll increase was $5 million.
When will these changes take place?
The changes take effect after the Friday, April 3, Mega Millions drawing. If there is no jackpot winner in that drawing, the jackpot for the Tuesday, April 7, drawing will be $127 million. If a jackpot-winning ticket is sold for the April 3 drawing, the jackpot for April 7 will reset to $20 million.
Why is the change happening?
Many states that sell Mega Millions tickets are currently under stay-at-home recommendations or orders from their governors, which have altered the typical sales patterns of many products, including lottery tickets. The jackpot amount is based on sales and interest rates, and the adjustments will help to ensure that states and jurisdictions can continue to generate much-needed revenue to support their good causes.
Will we know exactly what the jackpot is prior to every drawing?
Advertised jackpot values are estimates, based on projected sales. Differences between the advertised estimates and final amounts may occur because a substantial percentage of sales happen on the drawing dates.
Are these changes permanent?
Mega Millions is operated by a consortium of 10 state lottery directors who will determine how long the changes stay in place. We hope they will be temporary.
How do states and jurisdictions benefit from selling Mega Millions tickets?
More than half of the sale price of each ticket remains in the state/jurisdiction where the ticket is sold. Some of it is used for player prizes and retailer commissions. But most of it goes to lottery beneficiaries, which are determined by legislators in each state. Many state lotteries benefit public education, but some states dedicate lottery profits to other good causes.
About Mega Millions
Tickets are available in 45 U.S. states, Washington, D.C., and the U.S. Virgin Islands. The only U.S. states where they are not available are Alabama, Alaska, Hawaii, Nevada and Utah.
Drawings are held at 11 p.m. Tuesday and Friday nights in Atlanta.
Tickets are $2. The Megaplier option costs an additional $1. Winning tickets with the Megaplier will have any prize multiplied except for the jackpot.
How to Play: Players select five numbers from 1 to 70; and one Mega Ball number from 1 to 25. There are nine prize tiers, ranging from $2 to the jackpot.
Odds of winning any prize: 1 in 24. Odds of winning the jackpot: 1 in 303 million.
Jackpot winners may choose the cash option or the annuitized prize, which is paid in annual installments that increase by 5% per year for 29 years.