Mega Millions $1.22 billion jackpot won by player in California

Published On Dec 28, 2024, 4:28 AM

A $1.22 billion Mega Millions jackpot was won by a player in California, marking the fifth-largest jackpot in the game's history. The winning ticket was purchased in California, and the winning numbers were 3, 7, 37, 49, 55, with a gold Mega Ball of 6. In addition to the jackpot win, four other players across different states won $1 million each by matching all five white balls. The odds of winning the jackpot are 1 in 302,575,350. The next drawing is set for Tuesday with an estimated prize of $20 million.

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The significant winning jackpot may briefly increase interest and ticket sales in the lottery, leading to increased revenue for lottery operators. However, this does not translate into beneficial investments in the stock market, as lottery revenues are often unrelated to public company performances. Consequently, individual companies that align with lottery sales or have been positively impacted by such events (like gaming companies) might experience a short-term spike in interest, but these movements are often fleeting. It is important for investors to avoid speculative bets based purely on lottery results.

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