Lottery players will have another shot Tuesday night at a massive Mega Millions prize that ranks among the largest jackpots in U.S. history.
What You Need To Know
- Lottery players have another shot at a massive Mega Millions jackpot
- The estimated $1.58 billion prize up for grabs Tuesday night has risen thanks to 31 straight drawings without a jackpot winner
- It now ranks among the largest lottery prizes in U.S. history
- Mega Millions jackpot winners are so rare thanks to incredibly long odds of one in 302.6 million
The estimated $1.58 billion prize has been gradually building for months thanks to 31 straight drawings without a jackpot winner. The last time someone won the game’s top prize was April 18.
Each drawing without a winner pushes the prize closer to the record $2.04 billion Powerball jackpot that someone in California won last year. The second largest in size was in 2016, when the Powerball jackpot reached a nearly identical amount of $1.586 billion.
Mega Millions jackpot winners are so rare thanks to odds of one in 302.6 million.
The $1.58 billion payout would go to a winner who opts for an annuity, doled out over 30 years. But people usually prefer a lump sum option, which for Tuesday’s jackpot would be an estimated $783.3 million.
The money would be subject to federal taxes. Many states also tax lottery winnings.
Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.
