Mega Millions Jackpot — Now Estimated At $785 Million — Is Fourth-Largest In History



The Mega Millions jackpot—estimated at $785 million entering its next drawing in 2023—is the fourth-largest total in its history, the lottery said, as it continues to grow since its last winning drawing in October.

Mega Millions’ $785 million jackpot is the fourth-largest in its history.

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Key Facts

The $785 million jackpot trails a $1.050 billion jackpot won in January 2021, a $1.337 billion jackpot won in July and an all-time record jackpot of $1.537 billion won in 2018, according to a release Saturday by the lottery.

Despite no jackpot being won since October, 41 tickets have won $1 million or more across 18 states, including one ticket for the December 30 drawing.

The next drawing will be held on January 3, 2023, with a cash option of $395 million estimated for jackpot winnings.

Big Number

2,776,599. That’s the number of winning tickets for the December 30 drawing, with prizes ranging from $2 up to $1 million.

Surprising Fact

A $2.04 billion Powerball jackpot won in November is the biggest ever recorded, surpassing a mark of $1.59 billion set by the lottery in 2016.

Key Background

The current Mega Millions jackpot has continued to rise since October when two ticketholders from California and Florida shared a $502 million prize. The jackpot suggested its prize could surpass $1 billion in January, asking whether history will repeat itself with another billion-dollar January win. Two people in Illinois claimed Mega Millions’ last billion-dollar prize in September, splitting a $780.5 million pre-tax cash lump sum in the nation’s third-largest jackpot ever. Lottery winners have the option to take the cash lump sum before taxes or take the full prize under a tax payment plan spanning 30 annual payments.

Further Reading

Someone Won The $1.28 Billion Mega Millions Jackpot — Here’s How Much They’ll Take Home After Taxes (Forbes)

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