Tonight the Mega Millions lottery reached $750 million. But did anyone actually win the Mega Millions jackpot for Friday night, January 15, 2021? Here’s how to stay updated on if someone won, along with more details about what is happening with the Mega Millions lottery.
No One Won Tonight’s Mega Millions Drawing
It generally takes at least two hours to find out if anyone won the Mega Millions jackpot, although on occasion the results are known sooner than that. And the larger the jackpot becomes, the longer it takes to get in the results because more tickets were sold that need to be processed. For January 15, the results weren’t known until about 2 a.m. Eastern.
No one won the jackpot for tonight’s Mega Millions drawing. The next jackpot for Tuesday, January 19 will be $850 million.
The winning numbers for January 15 are displayed above: 3 – 11 – 12 – 38 -43 and a yellow Mega Ball of 15. The Megaplier was 4X.
Although no one won the jackpot, there were Match 5 winners in California, Florida, Michigan, New Jersey (two), New York, Ohio, and Wisconsin. There were also 142 people who matched four white balls and one yellow, and 3,179 people who matched four white balls. You can see a list of all the winners here.
How Can You Stay Updated to Know if Someone Won?
How can you stay updated to know if someone won? You can check the Mega Millions website. If a winning jackpot ticket was sold, Mega Millions will update its website to show the jackpot is starting over at $20 million. (It used to be $40 million, but the starting amount was lowered during the pandemic.) Mega Millions’ website will read that the estimated jackpot for the next drawing is “Pending” until it’s known whether or not someone won. If no one does win, then the estimated jackpot will be increased from $750 million.
The odds of winning Mega Millions are 1 in 302.6 million, which are actually less than the odds of winning the Powerball, which is 1 in 292.2 million. In order to win the jackpot, you’d need to match all five white balls and the yellow Mega ball.
How Much Is Tonight’s Jackpot Worth?
Tonight’s jackpot is worth $750 million, and that’s the estimate for the sum you’ll ultimately get if you take the annuity option. The winnings would be spread out over 30 multimillion-dollar annual payments for 29 years, starting with one immediate payment. Each year’s payment is 5% bigger than the previous one, to help protect against inflation.
It’s worth noting that thanks to taxes, you’ll actually be taking home less than that. Taxes are taken not only at the federal level, but may be taken at the state level too depending on where you live.
Lottery Critic offers a Mega Millions Payout Calculator that is helpful in determining what the winnings will actually be.
Another good after-tax and payout calculator is available at USA Mega’s jackpot analysis page. The calculations are based on a $750 million annuity or a $550.6 million lump sum if you take the payment all at once rather than yearly.
No matter where you live, you’ll lose 24% of your gross prize to federal income taxes. This means that if you’re taking 30 average annual payments of $25 million, then you’ll lose a total of $6 million each time plus an additional $3 million in federal taxes, taking home about $15.785 million each year after federal taxes, according to USA Mega’s estimates. (This doesn’t account for yearly changes due to inflation.) If you take a lump sum, you’ll lose a total of $132 million upfront plus another $71 million from additional federal taxes, for a total of $346.9 million after just federal taxes alone.