Mega Millions Up To $120 Million

Friday night with a $105 million jackpot on the line, none of the hopefuls with a Mega Millions ticket had all the following: 15, 32, 38, 42, 46 and the Mega number 31.

Because of that, the jackpot is now $120 million, the Christian Post reported. While no one took the big prize from Friday’s drawing, not everyone was a loser. Matching five of the Mega Millions numbers still gets you something.

Three tickets with five numbers, but missing the Mega number, were sold in California and each are worth $131,799. Today News Gazette reports that three other tickets, sold in Indiana, New York and Texas, also had five numbers, but didn’t have the Mega number and are each worth $250,000.

Like many lotteries, when no one wins the Mega Millions jackpot, the money rolls over, increasing the total amount, and public interest in the ensuing draw. The next draw for the Mega Millions jackpot will take place on Tuesday night.

A Mega Millions  ticket cost $1, and striking all the numbers makes a winner an instant millionaire with a choice. The Mega Millions webite gives the options.

The annuity option provides 26 annual payments. For every million in the jackpot, a winner will receive approximately $38,500 per year before taxes. In the cash, or lump sum option, a one-time, lump-sum payment that is equal to all the cash in the Mega Millions jackpot prize pool goes to the winner.

As they say, more money, more problems — but for all the people buying that Mega Millions lottery ticket this week, they’re thinking its a good problem to have.

What would you do if you won $120 million?