DES MOINES, IA (Associated Press) — Lottery officials have raised the Mega Millions grand prize to $790 million, giving players a shot at the nation’s fourth largest jackpot.
The next drawing is on Tuesday. It has grown so large because there hasn’t been a winner in three months, allowing the jackpot to gradually grow from its $20 million starting point in April.
The highlighted pre-tax $790 million prize is for a winner who takes an annuity option, paid out in 30 annual payments. Most players choose the cash option, which would be $464.4 million before taxes.