Mega Millions Lottery Jackpot Jumps To Record $1.6 Billion

20181019 162348 copy Mega Millions Jackpot Hits $1.6B Thanks To Worsening Odds

What you need to do if you win the $1 billion Mega Millions jackpot

This comes as the Mega Millions jackpot has just reached a historic $1 billion jackpot - the largest in Mega Millions history and second largest in US history.

No one won the latest Mega Millions drawing, meaning the jackpot climbs to a staggering $1.6 billion.

The next drawing will be on Tuesday night.

Lottery grows to second largest in USA history; Jacqui Heinrich reports from New York City on ticket sales.

The previous record Mega Millions jackpot was $656 million, which was shared by winners in Kansas, Illinois and here in Maryland on March 30th, 2012. North Dakotans are on the opposite end of the spectrum, spending about $44 per year on the lottery, or the lowest average figure among residents of all 50 states.

Winners who want the money in a lump sum can opt for the cash option of about $905 million.

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In 2016, a $1.58 billion Powerball prize was split three ways by ticket holders from California, Florida and Tennessee. With the potential to become a billionaire on the line, many people are clamoring for the next drawing.

Those "second-tier" winning tickets are worth at least $1 million. The federal government takes 25% before the check is handed to the victor, and collects remaining taxes when due.

Still, many secondary prizes need to be claimed, some ranging as high as a million dollars.

The winning numbers in Friday night's drawing were 15-23-53-65-70 and the Mega Millions number was 7.

The Mega Millions jackpot has been growing since July, when a group of 11 California office workers won $543 million. Since Tuesday, about $400 million has been added to the pot.

Mega Millions lead director Gordon Medenica called it "uncharted territory".

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