Published: Thu, October 18, 2018
Finance | By Jaime Brady

Mega Millions: Drawing for Highest Jackpot on Friday Oct 19

Mega Millions: Drawing for Highest Jackpot on Friday Oct 19

There was not a victor for last night's Mega Millions jackpot - bringing it now to an estimated $868 million.

The jackpot for Friday's drawing is now at least $868 million or a cash lump sum of $494.5 million.

The jackpot keeps swelling because nobody has won since July 24, when 11 workers in a California office shared $543 million.

Acord won the $10,000 prize by matching four of the Mega Millions' first five numbers, plus the Mega Ball.

Mega Millions is played in 44 states, Washington, D.C., and the U.S. Virgin Islands.

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Mega Millions drawings take place each Tuesday and Friday evening. The cash option, which is favored by almost all winners, is $380 million.

Those who opt for the annuity will get an immediate payment and then 29 annual payments, each 5 percent larger than the last.

The lottery prize is the largest-ever for Mega Millions and the country's second-highest on record, trailing a US$1.586 billion Powerball jackpot that was paid out in 2016. Alaska, Hawaii, Nevada, Utah, Alabama and MS do not participate.

The game, which was created in 2002, has seen changes over the years that have reduced the chances of winning, meaning bigger and bigger jackpots.

The Powerball is set to be drawn Wednesday night. On April 22, 2005, a Port Huron couple, Ralph and Mary Stebbins, won $208 million playing Mega Millions.

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