While pokies are the favourite gambling past time games for Australians, the lottery is a strong second. Now, that the Mega Millions Lottery has broken the world record as the richest lottery jackpot, betting on the lottery may just take first place. The Mega Millions lottery jackpot now stands at a grand US$1.6 billion, while the previous record was only US$656 million back in March 2012.
Gordon Medenica, Mega Millions Lottery Director, said: “Mega Millions has already entered the historical territory, but it’s truly astounding to think that now the jackpot has reached an all-time world record. He shared his excitement by concluding with:” it’s hard to overstate how exciting this is, but now it’s really getting fun.”
Mega Millions Officials Changed Lottery Rules
The enormous amount stems from a lack of winners for the draw on Friday night, which was already a life change amount of US$1 billion. In the build, up to last Friday’s, there have been many Mega Millions winners, and this was attributed to the changing of the lottery rules.
The changes were implemented last October, and they include the increase in ticket price, along with bigger prizes and a modified formula. In addition, infrequent payouts helped the jackpot grow. However, the biggest attribute has to be the modified formula; where players now select five numbers between 1 and 70 and an additional Mega number between 1 and 25. Previously the formula required players to pick numbers five number between 1 and 75 and a Mega number between 1 and 15.
The next draw is this Tuesday, and according to Medenica, the jackpot is likely to grow further now that word about the record is out. The winner of this record-breaking lottery jackpot will be able to choose from a one of a lump sum of US$1.6 billion or a payment of US$905 million annually for 30 years. We have our fingers crossed for Australian lotto gamblers!