Mega Millions Hits $810M, Only 4 $1M Winners

  • The Mega Millions Jackpot has hit $810 million – the third largest jackpot in Mega Millions history.
  • The next Mega Millions draw is Tuesday, and if nobody wins it will roll over onto Friday.

ATLANTA – Nobody has won the Mega Millions Jackpot, and only four players have collected their $1 million prizes, leaving a ton of money remaining for future drawings.

The Jackpot is now sitting at $810 million, which would be the third largest jackpot ever awarded by Mega Millions.

This is the equivalent of almost half-a-billion dollars if you were to take the cash value of the prize rather than the annuity option.

Mega Millions Odds

Incredibly, the game is actually approaching reasonable odds. The odds of winning Mega Millions are 1-in-303 million.

The cost of a Mega Millions ticket is $2. Therefore, in order for Mega Millions to be providing value, the prize needs to be over $606 million.

Currently, the prize value itself is over that number, but the cash value of the prize is not, so different kinds of online gambling players will consider this a good opportunity or a bad one.

Note that the Megaplier can be added to the ticket for an extra $1, but it matters for smaller prizes, not for the big jackpot.

Also note that there is some value in smaller pries, and the math above is just general math to get gamblers in the ballpark.

Mega Millions Largest Prize Pools

The current prize pool of $810 million is now the third-largest in history. The largest Mega Millions Jackpot was $1.5 billion, and the second largest was over $1 billion.

However, those are the only times that Mega Millions has gone over $1 billion. The total value of $810 million is a great increase from Friday’s value of around $660 million, and illustrates how lottery jackpots tend to drive increased lottery play.

When Is The Next Mega Millions Drawing?

Mega Millions draws on Tuesdays and Fridays, at 11 p.m. ET. If nobody wins on Tuesday, there will be another drawing on Friday and again until a winner is named.