Feeling lucky? Mega Millions jackpot for Friday is $970 million

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Granted, those numbers get pared down a LOT once cash value calculations and good old Uncle Sam get a hold of the winnings.

Each of the 24 twice-weekly drawings have failed to produce a top victor since July 24, when an 11-member office pool in Santa Clara County, California, hit a $543,000,000 (£417,000,000) jackpot.

Lottery officials raised the estimated prize to $970 million with a cash option of $548.6 million.

A group of employees at a Wells Fargo & Co. branch in California won a $543 million Mega Millions jackpot in July.

If nobody claims the Mega Millions jackpot in the required time limit - which varies state by state - each state will get the money it contributed to the jackpot back. The odds of correctly choosing all five numbers and the Mega Ball number is 1 in 302,575,350.

The previous Mega Millions record was a $656 million jackpot that was split three ways in 2012.

A single victor in New York City who opts for the $548 million cash jackpot would only bring home about half that much, $276 million, after all taxes are paid, according to calculations by H&R Block Inc.

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Others buy more tickets as the jackpot grows.

Mega Millions announced a $900 million jackpot Thursday, the largest in the history of the game.

This jackpot also stole the #2 spot as the second largest jackpot in United States history, but it's still a long way from stealing the #1 spot.

Mega Millions is in "uncharted territory", Medenica said, and the lotteries' financial models can not predict what will happen.

USA lottery sales totaled $77.7 billion in fiscal 2018, up about $5 billion from the previous year, according to La Fleur's Magazine, a publication focused on the lottery industry.

He added: 'When people ask me, I just tell them that the odds of a lottery game make it a game of fate.

KDKA money editor Jon Delano admits he nearly never buys lottery tickets.