Mega Millions: Jackpot now sits at $1.28 billion for Friday’s drawing

The Mega Millions lottery jackpot has risen again in advance of Friday’s drawing, lottery officials announced. As of Friday afternoon, the jackpot was adjusted to $1.28 billion.

How much money will you get after taxes if you win the Mega Millions lottery jackpot?

The jackpot grew from the $830 million prize after no one won the grand prize in Tuesday’s drawing.

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The winner of the grand prize will have the option of taking an annuity that pays out over 30 years, or the cash payout, a one-time lump sum. The cash payout for $1.28 billion is $747.2 million before taxes.

The last time someone won the Mega Millions jackpot was on April 15. The odds of winning a Mega Millions jackpot is 1 in 302,575,350. Mega Millions drawings are held on Tuesdays and Fridays.

What are the largest lottery jackpots in history?

The record for a lottery jackpot in the United States is a $1.586 billion Powerball jackpot that was won on Jan. 13, 2016.