Apr 6, 2020
Mega Millions to adjust starting jackpot amount and eliminate minimum jackpot increases.
The Mega Millions Consortium has adjusted the game’s starting jackpot and will determine the amounts of subsequent starting jackpots and jackpot increases on a drawing-by-drawing basis. The changes are in direct response to slowing sales during the current global pandemic.
The advertised Mega Millions jackpot for Tuesday, April 7, is $127 million. If the jackpot is won that evening, it will reset to $20 million for the next drawing on April 10.
Beginning immediately, the next new starting jackpot and the rate at which the jackpot increases will be established based on game sales and interest rates, with no fixed minimum amount. Subsequent jackpot amounts will be determined and announced prior to each drawing. Previously, the jackpot started at $40 million, and the minimum increase was $5 million for each roll.
“Like Powerball, the Mega Millions jackpot is based on projected sales,” said Colorado Lottery director Tom Seaver. “These changes will us adapt in a way that helps support much needed revenue for the state and proceeds beneficiaries.”
Mega Millions tickets are $2 and are sold in 45 states, Washington, D.C., and the U.S. Virgin Islands. Drawings are held each Tuesday and Friday. Half of the proceeds from the sale of each Mega Millions ticket remains in the state where the ticket was sold, where the money supports lottery beneficiaries and retailer commissions. Lottery revenues are allocated differently in each jurisdiction.