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Mega Millions Fever

March 27, 2012 by staff 

Mega Millions Fever, RoadFish.com men’s lifestyle and finance magazine today weighed in on the enormous sum of money at stake in the national Mega Millions jackpot game and why none of the RoadFish staff will be playing the game. Due to there being no winner at last Friday night’s drawing, the Mega Millions grand prize has reached $363 million dollars.

Staff writers Yunji De Nies and Suzan Clarke of ABC News report that the current jackpot of the Mega Millions lottery game has hit $363 million, making it the third largest prize in the history of the game. The article states that the odds of winning the lottery are approximately one in 176 million. The Mega Millions game includes 42 U.S. states, Washington, DC, and the U.S. Virgin Islands and the next drawing is Tuesday night. The article states that the prize winner would walk away with $255.1 million, if they decided to take the lump-sum prize instead of the 26-year payoff.

The Mega Millions website describes the two options of the lottery winner as either taking home a cash option, which is a one-time lump-sum payment, or an annuity option, wherein the winner would receive annual payments for 26 years. With this option, the winner would receive about $38,500 annually per every $1 million in the original pot.

RoadFish.com’s Senior staff writer is quoted as saying, “While part of me thinks how incredible it would be to win the jackpot, the other part of me would be terrified [to win]. I know it sounds crazy, but I’ve read too many stories of money changing people and affecting relationships. I’ve truly learned in my years that money really does not buy happiness, as corny as it sounds.”

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