Mega Millions soars to $667 million record jackpot

CJ Gunther  EPA  REX  ShutterstockMega Millions Lottery forms are

CJ Gunther EPA REX ShutterstockMega Millions Lottery forms are

The odds of hitting the jackpot by matching all six numbers correctly are an astronomical one in 302.6 million, but the odds of turning a Mega Millions ticket into a victor of any kind, including a $2 prize simply for matching the "Mega ball", are a more down-to-Earth one in 24.

The jackpot odds are not in your favor.

The chance of winning the Powerball jackpot is 292.2 million to one.

Of course, the actual amount you'll win is considerably less than a billion dollars, not just because of taxes and annuities and fine print things.

Nine Mega Millions tickets had the five white balls to win the second prize - $1 million. No one has hit the jackpot since July 24. They agreed to split the winnings with each other and continue working. The higher amount is an annuitized value if the prize is paid out over 29 years. Those who take the cash will receive a one-time lump-sum equal to all the cash in the prize pool. Between last Wednesday's and Friday's drawing, Mega Millions sales in the state totaled $1.25 million, according to the Louisiana Lottery. Alaska, Hawaii, Nevada, Utah, Alabama and MS do not participate.

Mega Millions is played in 44 states, Washington, D.C., and the U.S. Virgin Islands.

Tuesday's Mega Millions jackpot is approaching record territory, and it's not the only game offering huge payouts.

The Mega Millions jackpot was already giant, but now it's absolutely massive. About half of the jackpot winnings would go to taxes. That historic drawing, back in March 2012, for $656 million was shared between ticket holders in Illinois, Kansas, and Maryland.

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