Feeling lucky in 2023? The Mega Millions jackpot is now at $785 million, with the next drawing on Tuesday night.
When is next Mega Millions drawing?
The next Mega Millions drawing is Tuesday, Jan. 3 at 11 p.m. ET. Drawings are held every Tuesday and Friday at 11 p.m. ET.The cost is $2 per ticket, but you can add the Megaplier for $1, which will increase the amount of your potential prize up to five times the original prize .States have different deadlines, and some let people buy tickets closer to the drawing. Check with your local lottery.
If you choose the annuity option, you get an immediate payment, followed by 29 annual payments that increase by 5% each year. If you choose the lump sum, you'll get your winnings immediately, but it is heavily taxed and often just above half of the jackpot. The winner of this jackpot would get $395 million immediately.
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