What happens if you win Mega Millions' $1.6B jackpot?

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"Our customer service staff said there were 10 people at a time coming in to get tickets on Friday", Wolff said. "That should include an attorney, a financial advisor and tax adviser". But by Tuesday night's drawing, officials estimate that 75 percent will be sold.

There was no victor in the Mega Millions drawing on Friday night, and that jackpot will be at least $1.6 billion on Tuesday night.

The estimated jackpot is the largest lottery prize ever. Residents of New York City would pay an additional tax of 3.9 percent. Fernando Chavez, 27, said if he wins he would immediately hire a financial adviser. Mathematically, you're not being rational if you think you have a chance of winning the jackpot, whether it's with one ticket or 100 tickets.

With the grand prize climbing to $1.6 billion, the drawing tonight is now the largest jackpot in USA lottery history.

The next Mega Millions draw, which is a world record, will be on Tuesday - as in tomorrow, guys. Why play solo, when your odds of hitting the jackpot are a measly 1 in 302,575,350? If one person gets all of the numbers, they can choose the lump-sum cash payout and walk away with nearly $905 million after taxes.

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Gregory Baron, 24, and Ben Nelson, 27, yesterday were eagerly purchasing US$2 (RM8.31) tickets for the Mega Millions jackpot in hopes of winning the record-setting US$1.6 billion prize and becoming among the richest people in the world. The lump sum cash payout is estimated at US$354.3 million.

That puts the jackpots for the nation's two largest lotteries at more than $2.2 billion. Either way, dreamers have until Tuesday night to get their hands on a chance to win the 1.6 billion dollar jackpot.

The victor of the Mega Millions $1.6 billion jackpot should get some good financial advice and do not forget to sign the ticket, game director Gordon Medenica told NBC's "Today". The largest jackpot in US history will be drawn on Tuesday night. And let's hear it for Rhode Island, the smallest population state to have won a Mega Millions jackpot in the past five years.

States receive a percentage of lottery ticket sales and then use the money to support public schools or meet other needs.

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