Drawing Tuesday Will Be Largest Mega Millions Jackpot Ever: $1.58B

PROVIDENCE, RI — Tuesday’s Mega Millions jackpot is expected to be big.

Actually, the biggest drawing ever.

Lottery officials said Monday the jackpot, which has not been won since mid-April, would be a whopping $1.58 billion. If anyone wins, it will also be the third-largest jackpot in history.

The one-time cash payout is expected to increase to $757 million before taxes.

Top 10 Mega Millions jackpots

1. $1.58 billion, Aug. 8, 2023 (anticipated)
2. $1.537 billion, Oct. 23, 2023
3. $1.348 billion, Jan. 13, 2022
4. $1.337 billion, July 29, 2022
5. $1.050 billion, Jan. 22, 2021
6. $656 million, March 30, 2012
7. $648 million, Dec. 17, 2013
8. $543 million, June 24, 2018
9. $536 million, June 8, 2016
10. $533 million, March 30, 2018

Top 10 U.S. Lottery Jackpots

1. $2.04 billion, Powerball, Nov. 7, 2022
2. $1.586 billion, Powerball, Jan. 13, 2016
3. $1.58 billion, Mega Millions, Aug. 8, 2023 (anticipated)
4. $1.537 billion, Mega Millions, Oct. 23, 2018
5. $1.348 billion, Mega Millions, Jan. 13, 2023
6. $1.337 billion, Mega Millions, July 29, 2022
7. $1.050 billion, Mega Millions, Jan. 22, 2021
8. $768.4 million, Powerball, March 27, 2019
9. $758.7 million, Powerball, Aug. 23, 2017
10. $754.6 million, Powerball, Feb. 6, 2023

Jackpot winners can also choose an annuity option for the total sum of the winning prize across 30 years. The annual annuity increases year over year across the 30 years until, in the final payment, the total amount equals the final prize.

As an example, for the $1.1 billion prize a couple of weeks ago, the payments would have been about $16.5 million in the first year and more than $68 million in the 30th year.

Officials said there had been 31 consecutive Mega Millions drawings without a jackpot winner, dating back to April 14, when a lucky player in New York purchased a $476 million jackpot winning ticket.

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