With odds of hitting the Mega Millions jackpot going off at 302 million to one, the chances of matching all the numbers are simply astronomical However, for the tri-state, just buying a ticket helps fund state programs that many people rely on
With odds of hitting the big jackpot going off at 302 million to one, the chances of matching all the numbers are simply astronomical. However, for the tri-state, just buying a ticket does help fund state programs that many people rely on. According to the Mega Millions website, half the proceeds from the sale of each ticket"remains in the state where the ticket was sold, where the money supports lottery beneficiaries and retailer commissions.
For each $2 Mega Millions ticket sold in New Jersey, $1 goes directly toward prizes. The rest is divided up, with 20 cents going to retailers fees/overhead, and the other 80 cents goes to the state, according to the Lottery Enterprise Contribution Act passed in 2017. From there, the 80 cents is used to bolster the state's pension program, as the money provides financial stability and potential growth for the retirement system until 2047.
Selling a winning Mega Millions ticket is also a boon for the business where the ticket was sold, as they get commission as well. In New York, that commission is $10,000 — a nice sum, but it far lowest in the tri-state. New Jersey businesses get $30,000 for selling a winning ticket, while Connecticut businesses get a cool $100,000.
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