Mega Millions Jackpot Reaches $1.15 Billion for Friday’s Drawing

The jackpot is now the fifth-largest in the game’s history, with a lump sum cash option of $516.1 million.

The Mega Millions jackpot has climbed to $1.15 billion after no winner was drawn on Christmas Eve, making it the fifth-largest prize in the lottery's history.
The next drawing is scheduled for Friday, December 27, at 11 p.m. ET, with tickets available in 45 states, Washington, D.C., and the U.S. Virgin Islands.
Winners can choose between a 30-year annuity or a one-time cash payout of $516.1 million before taxes, with federal and state taxes significantly reducing the take-home amount.
The odds of winning the jackpot are 1 in 302.6 million, though smaller prizes are more accessible with 1 in 24 odds.
Mega Millions ticket prices will increase from $2 to $5 starting in April 2025, with organizers promising better odds and larger jackpots.