Mega Millions jackpot climbs again to $540 million

By: Melissa Etezadi Email
By: Melissa Etezadi Email

The jackpot for the Friday, March 30, 2012, Mega Millions drawing has increased again to an estimated $540 million. That's the largest jackpot ever, breaking the old record of $390 million, which was set in the March 6, 2007, Mega Millions drawing.

The cash option for this drawing will be another record-breaking $389.8 million.

This number shatters the record for the largest jackpot ever up for grabs in Kentucky, which prior to this run was a $380 million Mega Millions jackpot in January of last year. The largest win in the Commonwealth came from Powerball, when Rob Anderson of Georgetown won $128.6 million in December 2009.

"Winning the lottery will change your life," explains lottery expert Don McNay, "I always advise people to get a financial planner when dealing with that amount of money, It is a whole different world when you're handling sums of money like that so it's best to work with the experts, and if you win a few million, you can afford the best."

If someone in the state of Kentucky wins the $540 million jackpot, the state would get $32.4 million in taxes if the individual chose annuity payments over 26 years. If they chose the $389.8 million cash payout, the state would receive $23.4 million.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WYMT CONTACT INFO 199 Black Gold Blvd. Hazard, KY 41701 606-436-5757 - switchboard 606-439-9968 - newsroom
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 144928445 -
Gray Television, Inc.