Showing posts with label lotto frenzy. Show all posts
Showing posts with label lotto frenzy. Show all posts

Saturday, March 31, 2012

The Mega Million lotto turns the people into frenzy: Greatest ever in America

The Mega Million jackpot in the World history is closing near as the winners will be announced at 11 p.m. ET. The jackpot has created a nationwide lotto mania rocketed to $640 million Friday morning. The jackpot currently stands at $640 million, with a possibility of growing even larger before tonight's drawing. Tickets will be sold until 10:45 p.m. ET on Friday, for $1 apiece. In New York, $1.6 million worth of tickets were sold between 8 a.m. and 9 a.m.

The enormous prize brings a one-time cash option of an estimated $462 million before taxes, or a winner could choose annual payments of about $24 million before taxes for 26 years.

"This is history, and we’re enjoying it," California spokeswoman Donna Cordova said Friday. "This is just a shared moment for the entire country. We’re rolling into uncharted territory here."

Lotto fever struck Los Angeles soon after officials announced there was no winner in Tuesday’s $363 million drawing. Officials say they have met every night since Tuesday and watched the number grow from $540 million Thursday to the astronomical figured released Friday.

More tickets are expected to be sold before the 8 p.m. drawing Friday night. Lines hours long have formed at places deemed “lucky retailers” by the lottery and stores like Bluebird Liquor in Hawthorne that are known to sell winning tickets. “It’s so high — I mean, that’s astronomical,” said Charlie Blair, 70, a retired mechanical engineer.

Blair had never played the lottery until he heard about the record payout, and he headed to a gas station near his Koreatown apartment Thursday to buy a single ticket.

According to the California Lottery, the chance of winning Mega Millions is 1 in about 176 million. Or as California statistician Mike Orkin, puts it: If you buy 50 tickets a week, you will win the jackpot every 68,000 years.