US Mega Million
While the annuity jackpot prize for Friday night's Mega Millions drawing is $500 million, the cash option payout is $359 million.
MEGA MILLIONS JACKPOT HITS RECORD $500 MILLION
The jackpot in Friday's Mega Millions lottery drawing has risen to an estimated $500 million, the largest in the game's history, after Tuesday night's drawing produced no jackpot-winning ticket.
The latest estimate, announced around midday Wednesday, is even larger than lottery officials had announced just hours earlier. The initial estimate for Friday's drawing was $476 million, which also would have been a Mega Millions record.
Mega Millions is played in 42 states plus the District of Columbia and the U.S. Virgin Islands.
A jackpot-winning ticket must match all five numbers drawn from a pot containing 56 balls and then match the Mega Ball, which is drawn from a pot containing 46 numbers. Odds of winning are almost 176 million to 1. Each ticket costs $1.
Jackpots start at $12 million and rise for subsequent drawings when jackpot-winning tickets aren't sold
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