Lottery dreamers are setting their sights on the growing Mega Millions jackpot drawing on Friday after a ticket worth more than $1 billion was sold for the Powerball lottery. Here’s a look at how this drawing compares to other jackpots and why these winnings have become so high.
How Does This Latest Mega Millions Jackpot Stack Up?
The new jackpot for the Mega Millions drawing has reached an estimated $720 million, making it the game’s fifth highest. It hasn’t yet broken into the top 10 highest lottery jackpots in U.S. history, though.
If someone picks all five numbers, plus the gold Mega Ball, they will have the option of taking the prize in yearly increments paid over 29 years or a $369.6 million lump sum before taxes. The last time a Mega Millions player hit the top prize was April 18. The jackpot will continue growing until someone wins….