Mega Millions Averages Four New Millionaires Each Week

Feb. 25, 2014 – Tonight’s Mega Millions jackpot is worth an estimated $195 million, so if nobody wins tonight the jackpot will pass $200 million.  That’s sure to build some excitement in players disappointed it wasn’t their ticket that scooped last week’s $425 million Powerball jackpot.

But, while Mega Millions and Powerball jackpots are usually the stuff of daydreams, players should remember that every drawing offers a chance to become a millionaire.

Since mid-October, when changes were made to Mega Millions’ rules, the game’s second prize has been worth $1 million, and players have been able to win as much as $5 million with Megaplier.

There have been 84 millionaires made since the Oct. 22 drawing, when the new rules went into effect.  That’s 84 new millionaires in the past 36 drawings, with an average of 4-and-two-thirds new millionaires each week.

Among those new millionaires were four players who added the Megaplier option to their Mega Millions tickets.

Two of the four Megaplier winners won the $5 million prize, the highest possible.  The four Megaplier winners together won $17 million, meaning that second prize winners alone have won almost $100 million in the past 36 drawings.

The odds of winning the $1 million second prize for Mega Millions are still steep, but they’re also much better – about 14 times better – than the 1-in-258,890,850 chances of hitting the jackpot.

So while everyone is “waiting for it to get really big,” sometimes it can pay to remember that four new millionaires on average are made each week thanks to Mega Millions.

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Written by Matt Isaacs

Matt is the Editorial Manager for the LotteryHUB News Team. Matt graduated from Rutgers University’s School of Journalism and Media Studies in May 2013