Multiplier may increase from time to time due to special promotions.All set prizes, including Megaplier prizes, may be reduced if claims exceed available prize fund.Drawings: Every Tuesday & Friday, 7:59 PM PT Starting Jackpot: Varies How Does It Work During the. Jackpot prize is estimated and will be divided equally among all winning tickets. Jackpots Grow Until Someone Wins Ticket Cost: 2 per game.Any Jackpot Prize not won will be added to the next drawing’s Jackpot Prize. Each Jackpot Prize share that has a cash value of less than $1,000,000 will be paid in a single payment. *The Jackpot Prize shall be divided equally among winning Jackpot Prize plays. Annuity payments are paid pursuant to MUSL Mega Millions (M2G2) Product Group Rules and New Mexico State Law. If the winner chooses the annuity, the annual payments will be increased each year by a percentage set out in the MUSL Mega Millions (M2G2) Product Group Rules. Mega Millions 2023 lotto jackpot winners. The new jackpot for the next drawing is the third-largest in the history of the game, coming behind the world record 2.04 billion jackpot won last year and the 1.586 billion jackpot won in 2016. The advertised Jackpot Prize is paid as an annuity of 30 payments over 29 years or, at the election of the winner, in a single lump sum payment of the cash value of the annuity prize (prize subject to State and Federal taxes). The current Powerball jackpot is worth an estimated 196 million with a cash option of 90.2 million.
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