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Mega Millions Jackpot Tops $1 Billion

Written by Lon Cohen  |  28. July 2022

All you need is two dollar and a dream (and a lot of good luck!)

 

The Mega Millions jackpot for the next drawing on Friday evening is now estimated at $1.1 billion.

 

That's a billion, with a B. And a mere $648.2 million for the cash option.

 

This is the second largest prize in the 20-year history of Mega Millions. The record of $1.537 billion was won on October 23, 2018. Sold in South Carolina, that is the world’s largest lottery prize ever won on a single ticket.

 

The odds of winning the jackpot are 1 in 303 million.

 

Mega Millions tickets are sold in 45 states, Washington, D.C., and the U.S. Virgin Islands. Drawings are held each Tuesday and Friday.

 

Where do the proceeds from Mega Millions go? Half of the proceeds from the sale of each Mega Millions ticket remains in the state where the ticket was sold, where the money supports lottery beneficiaries and retailer commissions. Lottery revenues are allocated differently in each jurisdiction.

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