Current:Home > FinanceMega Millions jackpot-winning odds are tiny but players have giant dreams -WealthPro Academy
Mega Millions jackpot-winning odds are tiny but players have giant dreams
View
Date:2025-04-23 23:29:35
MINNEAPOLIS (AP) — The odds of winning a $1.25 billion Mega Millions jackpot Friday night are infinitesimally small, but that doesn’t stop players from some mighty big daydreams of what they would do if they won the giant prize.
Despite a jackpot winless streak dating back to mid-April, people keep plunking down a few dollars on tickets, noting that someone will eventually win and that they enjoy the chance to fantasize about what would happen if they were the lucky person.
Brandi Walters, 50, of Omaha, Nebraska, buys a lottery ticket when the jackpot grows large and has frequently envisioned what she would do if she hit it big.
“I kind of have this plan,” the hospital nurse confessed Thursday. “The very first thing I would do is take my family on a very nice vacation. Then when I come back, the real plan begins.”
That plan doesn’t include a new house or expensive car. Instead, Walters would backpack around the world for a year and, upon her return, set up a foundation “where I could do special things for interests I find worthy.” She’d help her family financially. She’d volunteer more. And she would set up a farmstead in a third-world country and hire local people to help run it.
“Other than that, the way I live wouldn’t change that much,” she said. “It wouldn’t stop me from shopping at Target.”
In Minneapolis, Reid Hanson, 51, was taking his dog for a walk when he stopped in at a Mobil gas station to buy a couple Mega Millions tickets.
“There’s not one bit of financial sense that goes into buying a lottery ticket,” he said. “It’s more of a fun sort of daydream to say, ‘Oh, what if?’”
Hanson said that if he did win, he might buy property in Hawaii and donate to charities to help save the environment, animals, water, climate and renewable energy.
Cody Jackson-Strong, 29, also stopped in at the Minneapolis gas station to buy a Mega Millions ticket. Jackson-Strong, who said he is homeless and struggling with drug addiction, noted he rarely buys lottery tickets, but the potential $1.25 billion would be “life changing,” so he paid out $2 on Thursday.
He dreams about spending the money on helping other homeless people struggling with addiction. He would open a jobs center, he said, and help clean trash from places where homeless people stay. And he thinks of opening a shop to work on motorcycles, buying a house, learning how to make music and buying items for homeless kids.
Thinking about winning “makes me feel hopeful and happier,” he said. “I would, like, buy everything in a store and just give it to kids who are struggling.”
Sean Burns Sr., of Robbinsdale, Minnesota, says if he won the jackpot, he would give 10% to “the man upstairs” and would be sure to fund programs in his community, including those to help single mothers.
“You always think about, you know, what can you do,” he said. “If it happens, it happens, but it would be a great thing if it did happen.”
Kathy Floersch, 48, an insurance agent from Omaha, said she buys a lottery ticket when the jackpots balloon. She dreams of traveling.
“I really want to go to Ireland. I’ve always wanted to go to Jamaica or the Bahamas,” Floersch said.
She and her fiancé have discussed buying vacation homes: one in Florida for her; one in Branson, Missouri, for him.
“And I would spring for a big wedding reception,” Floersch said. “I grew up dancing at wedding receptions with my siblings, and it’s just something I’ve always wanted.”
Despite the enduring hope of instant riches, Mega Millions’ long odds of 1 in 302.6 million to win the jackpot means it could be a while before someone takes home the money. There now have been 30 straight drawings without a jackpot winner, which has enabled the prize to grow to the sixth-largest in U.S. history.
The $1.25 billion jackpot would be for a sole winner who is paid over 30 years through an annuity. Winners almost always prefer a lump sum payment, which would be an estimated $625.3 million.
The winnings also would be subject to federal taxes, and many states also tax lottery prizes.
Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.
___
Beck reported from Omaha, Nebraska. Associated Press writer Scott McFetridge in Des Moines, Iowa; and video journalist Mark Vancleave, in Robbinsdale, Minnesota; contributed to this report.
veryGood! (67)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Wisconsin university regents reject deal with Republicans to reduce diversity positions
- Packers have big salary-cap and roster decisions this offseason. Here's what we predict
- Daddy Yankee retiring from music to devote his life to Christianity
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Shohei Ohtani signs with Dodgers on $700 million contract, obliterating MLB record
- Red Wings captain Dylan Larkin lies motionless on ice after hit from behind
- A hospital fire near Rome kills at least 3 and causes an emergency evacuation of all patients
- Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
- US and Philippines condemn China coast guard’s dangerous water cannon blasts against Manila’s ships
Ranking
- 'Most Whopper
- Army holds on with goal-line stand in final seconds, beats Navy 17-11
- What to do if you can't max out your 401(k) contributions in 2023
- Protesters at UN COP28 climate summit demonstrate for imprisoned Emirati, Egyptian activists
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- US, South Korea and Japan urge a stronger international push to curb North Korea’s nuclear program
- A British Palestinian surgeon gave testimony to a UK war crimes unit after returning from Gaza
- New York’s governor calls on colleges to address antisemitism on campus
Recommendation
Bodycam footage shows high
How the Mary Kay Letourneau Scandal Inspired the Film May December
Philippines says Chinese coast guard assaulted its vessels with water cannons for a second day
H&M's Sale Has On-Trend Winter Finds & They're All up to 60% Off
Immigration issues sorted, Guatemala runner Luis Grijalva can now focus solely on sports
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
Kids are losing the Chuck E. Cheese animatronics. They were for the parents, anyway
Coco Austin Reveals How She Helped Her and Ice-T's Daughter Chanel Deal With a School Bully