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National News

Mega Millions jackpot reaches $830M, 3rd highest in game’s history

todayJuly 26, 2022

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Jakub Porzycki/NurPhoto via Getty Images, FILE

(NEW YORK) — The Mega Millions jackpot has reached an estimated $830 million ahead of Tuesday night’s drawing, making it the third-largest jackpot in the game’s history.

Tuesday night’s historic jackpot is possible after no one had the winning numbers following Friday night’s drawing.

The Mega Millions winning numbers in Friday’s drawing were: 14-40-60-64-66. The Mega Ball was 16 and Megaplier was 3.

Only four Mega Millions jackpots have been won this year; in California, Minnesota, New York and Tennessee.

Tuesday’s Mega Millions drawing will be held at 11 p.m. ET and has a cash value of $487.9 million, the company said in a press release.

The largest Mega Millions jackpot was $1.537 billion on Oct. 23, 2018, when one winning ticket was sold in South Carolina. In January 2021, one winning ticket was sold in Michigan, with an estimated prize of $1.05 billion.

Lottery winners have two options, take the money as a lump sum payment or annuity payments over 29 years.

Most winners usually take the lump sum payments, but record inflation has complicated matters, experts said.

“If we believe that inflation will be here for a while, then you may want to consider taking the annuity versus taking the lump sum,” tax and estate planning attorney Kurt Panouses told ABC News’ Deirdre Bolton.

Copyright © 2022, ABC Audio. All rights reserved.

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Written by: ABC News

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