Mega Millions jackpot climbs to $940M after no winner

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Mega Millions jackpot climbs to $940M after no winner
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The Mega Millions jackpot increased to an estimated $940 million after another drawing resulted in plenty of losers but not a single grand prize winner. The new jackpot will remain the sixth-largest jackpot in U.S. history.

DES MOINES, Iowa — The Mega Millions jackpot increased to an estimated $940 million after another drawing Tuesday resulted in plenty of losers but not a single grand prize winner.The next drawing is scheduled to be held Friday night.

The new $940 million jackpot is for a winner who chooses to be paid through an annuity over 29 years. Nearly all winners opt for a cash payout, which for Friday night’s drawing would be an estimated $483.5 million. In Tuesday’s drawing, there were more than 2.9 million winning tickets of various amounts including three $4 million tickets sold in Arizona, Mississippi and South Dakota, Mega Millions said in a statement.

The lack of a winner of an estimated $785 million jackpot Tuesday means there have been 23 straight drawings without anyone taking the top prize.The jackpot-winning drought isn’t surprising given the daunting odds of one in 302.6 million of winning the top prize.

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