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Record Mega Millions jackpot tops $540m Record Mega Millions jackpot tops $540m
(about 1 hour later)
The prize in a US lottery has reached a record-breaking $540m (£340m), making it the biggest lottery jackpot in history, organisers say. Lottery fever has swept the US hours before the draw for a $540m Mega Millions prize, which organisers bill as the biggest jackpot in history.
The size of the Mega Millions jackpot has been growing since 24 January, with no winner matching all five numbers in the last 18 draws. Queues have been snaking out of shops from coast to coast as people snap up tickets by the bushel.
Local US media have reported queues of people waiting to buy tickets to earn their shot at winning the giant prize. The jackpot has been swelling since 24 January, with no winner matching all five numbers in the last 18 draws.
A total of 42 US states sell tickets for the draw. Forty-two states are in the big draw, which takes place in Atlanta, Georgia at 23:00 EDT (04:00 GMT).
The big draw takes place on Friday at 23:00 EDT (04:00 GMT). A jackpot winner could choose between receiving the full amount of $540m in 26 annual payments (nearly $21m a year) or an instant cash option of almost $400m.
A jackpot winner could choose between receiving the full amount of $540m in 26 annual payments - nearly $21m a year - or an instant cash option of almost $400m.
The largest jackpot to be paid out until now was a $390m Mega Millions prize that was split between two winners in 2007.The largest jackpot to be paid out until now was a $390m Mega Millions prize that was split between two winners in 2007.
Despite the growing lottery fever, the chances are still stacked against any one person winning the six-ball jackpot. In California, some shops have been experiencing a ticket-buying frenzy, after lottery officials in the Golden State revealed which outlets have previously sold the most winning tickets.
Despite Nevada's reputation as a gambling hub, the state that is home to Las Vegas is not participating in the draw.
The Las Vegas Sun reports that people have been driving to a shop on Nevada's border with California to buy tickets.
Ryan King, a 33-year-old construction worker, told the Los Angeles Times: "I've already spent the money in my head, 300 times."
Even the relatively wealthy have apparently not been immune to the lottery pandemic.
NBA basketball player Chris Singleton, who earns a reported $1.5m playing for the Washington Wizards, said on Twitter that he planned to splurge $10,000 on tickets.
But the odds are stacked overwhelmingly against any one person matching the six-ball jackpot.
Lottery officials say the chance of winning is just one-in-176 million. Tickets cost just $1.Lottery officials say the chance of winning is just one-in-176 million. Tickets cost just $1.
Mathematics professor Mike Catalano of Dakota Wesleyan University told the Associated Press news agency: "You are about 50 times as likely to get struck by lightning as to win the lottery, based on the 90 people a year getting struck by lightning. Mathematics professor Mike Catalano of Dakota Wesleyan University told the Associated Press news agency: "You are about 50 times as likely to get struck by lightning as to win the lottery, based on the 90 people a year getting struck by lightning."
"Of course, if you buy 50 tickets, you've equalised your chances of winning the jackpot with getting struck by lightning."
Based on other US averages, a person is 8,000 times more likely to be murdered, or 20,000 times more likely to die in a car accident than to win the lottery, Mr Catalano added.Based on other US averages, a person is 8,000 times more likely to be murdered, or 20,000 times more likely to die in a car accident than to win the lottery, Mr Catalano added.