August 9th 2023.
The Mega Millions jackpot has skyrocketed to an unprecedented level, reaching the third-largest amount in US history with $1.58billion. This is the result of 31 consecutive drawings without a jackpot winner since the last win on April 18.
Gretchen Corbin, President and CEO of the Georgia Lottery and lead director of the Mega Millions Consortium, expressed her excitement, stating, "It's exciting to watch Mega Millions grow." Corbin also thanked the players and retailers for their support, which benefits the many good causes funded by the participating lotteries.
Lottery players will have a chance to win the record-making Mega Millions jackpot during the next drawing on Tuesday at 11pm ET. To win, players must match five numbers and the Mega Ball number. The odds of winning are one in 302,575,350.
If someone is lucky enough to hit the jackpot on Tuesday, they will have the option of a lump sum payment estimated at $783.3million or the $1.58billion in annuity payments over three decades. However, the lottery cautions that this amount is hard to predict with complete accuracy and it would be subject to federal and state tax where applicable.
The highest jackpot ever won was the $2.04billion Powerball jackpot in California in 2022, followed by a nearly identical amount of $1.586billion, a Powerball jackpot won in 2016. Considering only the Mega Millions game, the current jackpot is the largest ever with $1.537billion won by one person in South Carolina. The last four $1billion Mega Million jackpots were won in January 2023, 2022, 2021, and 2018.
The Mega Millions game is available in 45 states, Washington DC, and the US Virgin Islands. With the jackpot climbing ever higher, it's never been a better time to try your luck.
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