Mega Millions jackpot now $1.1 billion, 3rd largest in U.S.
FILE - In this Wednesday, July 27, 2022 file photo, Mega Millions lottery tickets are shown at a lottery retailer in Surfside, Fla. A giant Mega Millions lottery jackpot ballooned to over $1 billion after no one matched all six numbers and won the top prize. (AP Photo/Wilfredo Lee, File)
The Associated Press
Published Thursday, July 28, 2022 2:39PM EDT
DES MOINES, Iowa (AP) - One of the nation's biggest lottery prizes got a little bigger Thursday as the Mega Millions jackpot increased to an estimated $1.1 billion.
The increase ahead of Friday night's drawing makes the jackpot the third largest, behind $1.5 billion prizes won in 2018 and 2016.
The Mega Millions prize has grown so large because it has been more than three months since anyone matched the game's six numbers and snagged the jackpot. That amounts to 29 consecutive drawings without a winner.
Before rushing out to spend $2 on a ticket, keep in mind that the odds of winning the Mega Millions jackpot are a staggering 1 in 302.5 million.
The $1.1 billion prize is for players who get their winnings through an annuity, paid annually over 29 years. Nearly all winners take the cash option, which for Friday's drawing is an estimated $648.2 million.