DES MOINES, Iowa – The Mega Millions jackpot has soared to $1 billion, as the second-largest lottery prize in U.S. lottery history gets even bigger.
Lottery officials increased the grand prize just hours ahead of the Friday night drawing. The prize climbed from $970 million.
Although the jackpot keeps increasing, the odds of winning remain stuck at a miserable one in 302.5 million.
The prize has grown so large because no one has hit the jackpot since July 24, when a group in California won $543 million.
The $1 billion prize refers to the annuity option. Most winners opt for cash, which for Friday night’s drawing would be $565 million.
Officials say that if there isn’t a winner, the prize for Tuesday night’s drawing would be $1.6 billion, tying the largest U.S. lottery prize.
Local journalism is essential.
Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.
Subscribe to the Coronavirus newsletter
Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.