Mega Millions ticket holders will be watching Tuesday's 11 p.m. drawing closely as the numbers for the third-largest prize in the game's history are revealed. The jackpot has climbed to $1.1 billion with no winner since Oct. 14.
Mega Millions lottery tickets and a wager slip are displayed, Jan. 6, 2023, in Derry, N.H.The Mega Millions annuity is paid out as one immediate payment, followed by 29 yearly payments with each payment growing by 5%."This helps protect winners' lifestyle and purchasing power in periods of inflation," according to the Mega Millions website.
Or, the winner can opt for the cash option: a one-time, lump-sum payment of the cash in the Mega Millions jackpot prize pool.
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