Dec. 16, 2013 – For the third time in the current jackpot “run,” strong ticket sales have prompted Mega Millions officials to raise the estimated value of the jackpot for the next drawing.
After no tickets matched all six numbers drawn Friday night, the jackpot rolled from $425 million, past the half-billion dollar mark, to reach $550 million.
Now, thanks to the current “jackpot frenzy” surrounding the incredible prize, Mega Millions officials have increased their estimate for the jackpot’s value to $586 million ahead of Tuesday’s drawing.
The cash option for the top prize, which reflects the actual amount of money collected through ticket sales, is now approximately $316 million.
Tuesday’s $586 million jackpot is the second-highest in the game’s history, but is now very close to the $656 million Mega Millions jackpot that ranks as the highest-ever U.S. jackpot.
The prize up for grabs Tuesday is just $4 million short of the $590.5 million jackpot that octogenarian Gloria Mackenzie won in May. The Zephyrhills, Fla. resident was the only winner on the May 18 Powerball drawing, making hers the largest jackpot ever collected by a single winner.
Should nobody win the $586 million jackpot prize Tuesday night, it is likely that Mega Millions – and the U.S. – will have a new record-high jackpot.
The value of the prize has grown $161 million since Friday’s drawing. If the jackpot were to grow by the same amount Tuesday night, the top prize would be worth nearly three-quarters of a billion dollars.