Mega Millions odds explained: From the massive $940M jackpot to 8 smaller prizes

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Mega Millions odds explained: From the massive $940M jackpot to 8 smaller prizes
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The Mega Millions lottery jackpot for Friday (01/06/23) is worth an estimated $940 million. There's a 1 in 24 chance of winning a prize of some kind in the drawing.

To begin with there are two sets of Mega Millions balls. Five white balls are drawn out of a drum containing 70 balls. Then one gold Mega ball is drawn out of a second drum with 25 balls.

Players can increase their prize amounts by spending an extra $1 for the Megaplier option to wins two, three, four or on rare occasions five times as much. The Megaplier only applies to non-jackpot prizes.The odds of your ticket matching only the gold Mega Ball is 37 to 1. On a single $2 ticket purchase, that’s a break even.There’s a 1 in 89 chance your $2 gamble will net you $4 — a $2 profit.

A third-prize, $10,000 ticket was sold for Tuesday’s drawing at Canal’s Discount Liquor Mart on Route 70 in Marlton,The life-changing money begins at this prize level. All you have to do to win at least $1 million is match the numbers on the five white balls drawn, but not the Mega Ball. Good luck overcoming the 12,607,306 to 1 odds, though.The dream for any lottery player is hitting the jackpot.

The jackpot has rolled over 23 times since two ticket holders — one in Florida and one in California split a $502 million jackpot If someone hits the jackpot Friday, it will be the sixth-largest in U.S. lottery history and the fourth biggest Mega Millions prize. The cash option for Friday’s drawing is $483.5 million.

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