Winners can either take the cash payout of $549.7 million or the $1.22 billion annuity paid out over 30 years.
The Mega Millions jackpot has jumped to $1.22 billion as ticket sales soar in advance of the Friday drawing. The jackpot has steadily grown following a $1 billion Christmas Eve drawing that didn't produce a winning jackpot ticket.On Christmas Day, lottery officials said the estimated grand prize was a gargantuan $1.15 billion, with a cash option of $516.1 million, but that number has since expanded.
22 billion annuity paid out over 30 years if a winning jackpot ticket is drawn.Only three Mega Millions jackpots have been won this year — the fewest in any year since the game started. The odds of winning the jackpot are 1 in 302,575,350.A Mega Millions spokesperson said winners are possible across all the prize tiers even if there isn't a jackpot winner. On Christmas Eve, four tickets matched the five white balls for the game's second-tier prize.
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