The jackpot for Tuesday’s Mega Millions drawing is estimated at $830 million, the third highest prize in a lottery game.
The big picture: Strong sales of $2 tickets ahead of Tuesday’s drawing have pushed the jackpot from $20 million to $810 million, which is an estimated $170 million from Friday’s drawing, according to Mega Millions.
According to a news release, the July 26 jackpot has a cash value of $487.9 million.
Tickets for Mega Millions are sold in 45 states, Washington, DC, and the US Virgin Islands, with pictures taken every Tuesday and Friday.
Why this matters: Gambling simplification, in all its forms, has become increasingly big business by governments, professional sports, and venture capital—all eager to enter a new, smaller group of bookmakers, Axios’ Pete Gannon. report of.
Zoom Out: The reason for the third-largest Mega Millions jackpot is that no one has matched all six numbers since April, which is 28 consecutive pictures without a grand prize winner.
Flashback: The biggest Mega Millions jackpot was $1.537 billion on October. 23, 2018, lottery officials said.
The winning ticket was sold in South Carolina and is the largest lottery prize in the world won on a single ticket.
What time is Mega Millions drawing?
Mega Millions Pictures is held Tuesday and Friday at 11 p.m. PT in Atlanta, which is 8 p.m. PT.
Lottery Jackpot Odds Are Slim
Mega Millions jackpots start at $20 million and increase based on game sales and interest rates, the lottery says.
The odds of winning the jackpot are 1 in 303 million, Mega Millions said in Tuesday’s release.
As the Associated Press reports, the better odds are—one in 12.6 million—of winning a small payout like $1 million for matching five regular numbers, but missing the Mega Ball.