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The holiday shopping season isn’t over yet for Mega Millions lottery ticket buyers – especially as the jackpot for Tuesday night’s drawing has surpassed half a billion dollars.
The jackpot is estimated at $565 million after no tickets matched all six numbers Friday, according to the Mega Millions website. The cash option is $293.6 million.
If someone buys a lucky ticket, it would be the sixth largest Mega Millions prize in the game’s history. The jackpot was last won Oct. 14, when two tickets purchased in California and Florida matched all six numbers to win a share of the Mega Millions jackpot.
Here’s what you need to know before the next drawing.
More:If you win the Mega Millions jackpot, what to know
January:Michigan Mega Millions ticket wins $1 billion jackpot
When is the next Mega Millions drawing?
The next Mega Millions drawing is Tuesday, Dec. 27. Drawings are held at 11 p.m. ET every Tuesday and Friday.
Mega Millions costs $2 to play.
What’s the Megaplier?
The Megaplier feature increases non-jackpot prizes by two, three, four or five times. It costs an extra $1 per play. The Megaplier is drawn on Tuesday and Friday before the Mega Millions drawing. The pool includes 15 balls. Five are marked with 2X, six with 3X, three with 4X and one with 5X.
What are the Mega Millions prizes?
- Match 5 White Balls + Mega Ball: Jackpot
- Match 5 White Balls: $1 million
- Match 4 White Balls + Mega Ball: $10,000
- Match 4 White Balls: $500
- Match 3 White Balls + Mega Ball: $200
- Match 3 White Balls: $10
- Match 2 White Balls + Mega Ball: $10
- Match 1 White Ball + Mega Ball: $4
- Match Mega Ball: $2
What are the odds of winning the Mega Millions jackpot?
The odds of matching the five white balls and Mega Ball to win the Mega Millions jackpot are 1 in 302,575,350.
How do I find the winning Mega Millions numbers?
The Mega Millions winning numbers will be posted on both the Mega Millions and state lottery websites.
You can also watch the draw on the Mega Millions YouTube page.
More:Will the historic Powerball winner remain anonymous? Not in California
What happens if you win the jackpot?
A jackpot winner has the option of taking an annuity or cash payment.
The annuity is paid out as one immediate payment followed by 29 annual payments, according to the Mega Millions website. Each payment is 5% bigger than the previous one.
“This helps protect winners’ lifestyle and purchasing power in periods of inflation,” according to the Mega Millions website.
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The cash option is a one-time, lump-sum payment that is equal to all the cash in the Mega Millions jackpot prize pool.
If two or more people win the jackpot in the same drawing, the money is shared equally among all winning tickets.
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