{"id":1985716,"date":"2023-07-29T10:47:02","date_gmt":"2023-07-29T14:47:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mega-millions-drawing-what-to-know-about-1-05-billion-jackpot\/"},"modified":"2023-07-29T10:49:18","modified_gmt":"2023-07-29T14:49:18","slug":"mega-millions-drawing-what-to-know-about-1-05-billion-jackpot","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mega-millions-drawing-what-to-know-about-1-05-billion-jackpot\/","title":{"rendered":"$1.05 billion jackpot: What to know about Mega Millions drawing."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmega-millions-drawing-what-to-know-about-1-05-billion-jackpot%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1985716&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Latest Mega Millions Drawing<\/h2>\n<p>The latest Mega Millions drawing took place on Friday, resulting in no top\u2063 winner \u2063of the jackpot estimated to be $940 million.<\/p>\n<p>The jackpot soared \u200bto more than $1 billion after \u2064no one matched all six numbers: 5, 10, 28, 52,\u2063 63, and the gold ball 18.<\/p>\n<h2>Inflation Declined to 3% in June, According to Key Gauge Watched by Fed<\/h2>\n<p>Here is everything you need to know\u200b about the Mega Millions before the next drawing.<\/p>\n<h3>When do drawings occur?<\/h3>\n<p>Drawings for Mega Millions occur every Tuesday and Friday. The next \u200ddrawing is scheduled for \u200bTuesday, Aug. 1.<\/p>\n<h3>How much are \u200dthe Mega Millions winnings worth?<\/h3>\n<p>The jackpot jumped to\u200d $1.05 \u200bbillion, or a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/1-28b-jackpot-ticket-sold-in-ill\/\" title=\".28B jackpot ticket sold in Ill.\">cash option<\/a> \u200dof $527.9 \u200bmillion, marking the lottery\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mega-millions-drawing-what-to-know-about-1-05-billion-jackpot\/\" title=\".05 billion jackpot: What to know about Mega Millions drawing.\">fourth largest prize<\/a> in history, the Mega Millions said in a statement early Saturday.<\/p>\n<h3>How\u200c are winnings\u200c paid \u2062out?<\/h3>\n<p>Winners can choose to receive \u200btheir payment as an annuity or a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/communist-activist-who-wants-to-defund-police-abolish-prisons-offered-job-as-seattles-homelessness-czar\/\" title=\"Communist Activist Who Wants To Defund Police, Abolish Prisons Offered Job As Seattle\u2019s \u2018Homelessness Czar\u2019\">lump sum<\/a>.<\/p>\n<p>The lump sum option is a one-time payment of the entire\u200c jackpot amount, \u200bwhich will be $527.9 million for Tuesday\u2019s round.<\/p>\n<p>The IRS \u200cwill take a large cut if you win, requiring a mandatory 24% withholding for funds\u2064 over $5,000. State taxes will also\u2064 be taken and vary depending on where you live.<\/p>\n<p>The other \u200cmethod is\u200b having the winnings paid out over 30 payments over 29 years, with the disbursement increasing at a\u2064 rate of 5% per year. Winners will pay taxes as they go, and rates can fluctuate over the years.<\/p>\n<h3>How does the Mega Millions work?<\/h3>\n<p>The lottery is played\u2064 in 45 states\u200c as well \u2063as in Washington,\u200d D.C., and the U.S. Virgin\u2062 Islands.<\/p>\n<p>To participate, visit a grocery store or gas station in \u2062your area that has tickets. Players can \u200bchoose numbers and hope that they \u2064match the \u2062winning ones drawn. You can enter up \u200cto 26 consecutive drawings.<\/p>\n<p>So far, there\u200d have been 29 straight draws without a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/powerball-jackpot-tops-1-6-billion-the-largest-ever\/\" title=\"Powerball Jackpot Tops .6 Billion, the Largest Ever\">jackpot winner<\/a>, and the last grand \u2064prize ticket was on April 18, with the New York winner claiming $20 million, according to\u2062 the Mega Millions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent Mega Millions draw on Friday had no jackpot winner, which was estimated to be $940 million. As no one matched all six numbers (5, 10, 28, 52, 63, and gold ball 18), the jackpot increased to over $1 billion. Inflation dropped to 3% in June, as reported.<\/p>\n","protected":false},"author":1,"featured_media":1985717,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1985716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1985716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1985716"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1985716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1985717"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1985716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1985716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1985716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}