World

$820 million Mega Millions lottery jackpot is 8th largest in U.S.

Associated Press
By Associated Press
1 Min Read July 25, 2023 | 3 years Ago
Go Ad-Free today

Lottery players will have a shot at an estimated $820 million Mega Millions jackpot Tuesday night, less than a week after someone hit a Powerball prize that topped $1 billion.

The huge Mega Millions jackpot is the eighth-largest U.S. lottery prize and follows a $1.08 billion prize won by a player Wednesday in Los Angeles. California lottery officials haven’t announced a winner of that prize, which was the sixth-largest in U.S. history.

Jackpots in the two lottery games grow so large because the steep odds make winning so unlikely, allowing the grand prize to roll over again and again. The last time someone beat Mega Millions’ odds of 1 in 203.5 million and won a jackpot was April 18 — that’s 27 drawings without a big winner.

The game pays out many more smaller prizes, which start at $2. The overall odds of winning any prize is 1 in 24.

The $820 million prize for Tuesday night’s drawing is for a sole winner who chooses payment through an annuity, with one immediate payment and then 29 annual allotments. Jackpot winners nearly always take the cash option, which for Tuesday night’s drawing would be an estimated $422 million.

Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.

Share

Categories:

Tags:

About the Writers

Push Notifications

Get news alerts first, right in your browser.

Enable Notifications

Content you may have missed

Enjoy TribLIVE, Uninterrupted.

Support our journalism and get an ad-free experience on all your devices.

  • TribLIVE AdFree Monthly

    • Unlimited ad-free articles
    • Pay just $4.99 for your first month
  • TribLIVE AdFree Annually BEST VALUE

    • Unlimited ad-free articles
    • Billed annually, $49.99 for the first year
    • Save 50% on your first year
Get Ad-Free Access Now View other subscription options