Well, it's no $2.04 billion Powerball prize, but $640 million in the Mega Millions lottery is still pretty impressive.
The huge jackpot comes less than two months after the largest lottery prize ever, a $2.04 billion Powerball prize that was won Nov. 8 in California. So far, that big winner hasn’t stepped forward to claim the prize.
The reason for all the big prizes is simple — long odds ensure there are few winners and the long streaks of lottery futility allow jackpots to grow ever larger week after week.The advertised jackpot of $640 million is for a winner who opts to be paid with an annuity, doled out through annual payments over 29 years. Nearly all winners take the cash option, with for Friday’s drawing will be an estimated $328.3 million.
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