Mega Millions jackpot increases to $1 billion as tonight’s drawing approaches

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FILE – In this July 1, 2016, file photo, Mega Millions lottery tickets rest on a counter at a Pilot travel center near Burlington, N.C. The jackpot for the Mega Millions lottery game has climbed to over $450 million, just hours before the drawing, Friday, Jan. 5, 2018. (AP Photo/Gerry Broome, File)

The Mega Millions jackpot has soared to $1 billion, as the second-largest lottery prize in U.S. lottery history gets even bigger and the highest in the Mega Millions game history. 

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.  

The cash option for the Mega Millions prize is $565.6 million. 

The Tennessee Lottery reports brisk sales also pushed the jackpots for the Powerball even higher to 470 million. 

Lottery officials say the overall odds to win any prize is 1 in 24. The odds of winning the jackpot is 1 in 303 million. 

Tickets are $2. 


 

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