If you thought the UK and European lottery jackpots got to life-changing sums then they really do pale into comparison with some of the big US rollovers. In America right now Lotto fever is sweeping each state as the Friday Mega Millions jackpot hits $415,000,000.
While nowhere near a record, this jackpot is absolutely huge and as such it’s driving lottery sales across the US, and across the world with online players. The Mega Millions takes place every Tuesday and Friday night and is one of two multi-state lottery draws. With no winner for the Tuesday draw this huge jackpot has players out in force with retailers reporting queues to buy tickets!
As the Mega Millions soars it puts the other big US jackpot, the Powerball into the shade but even that multi-state draw is offering a rollover worth $243,000,000, which means there’s over $650,000,000 in jackpots up for grabs this weekend in America! The Powerball plays every Wednesday and Saturday but that jackpot, despite the rollover isn’t likely to see as much interest until that big Powerball is won!
US jackpots are taxable so whoever does eventually win either of these jackpots will have to pay tax on winnings. There’s also the decision of whether to take the full jackpot or the reduced lump sum, most players choose the lump sum and take less than the advertised jackpot. However, even with taxes and rules aside, there’s no denying that the American Lottery jackpots are dominating the lottery news right now and with good reason!