$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn Tuesday

Aug 5, 2023, 6:58 am (134 comments)

Mega Millions

Third-largest lottery jackpot in history

Cash value is more than three-quarters of a billion dollars

By Todd Northrop

Last night, the multi-state Mega Millions lottery game produced no top winner for the 31st consecutive drawing, prompting lottery officials to raise the game's jackpot to $1.55 billion — the largest jackpot in the game's 27-year history.

A winner who chooses the cash option would receive a lump-sum $757.2 million — three-quarters of a billion dollars in cash!

It's the stuff that a lottery player's dreams are made of: holding a lottery ticket for an upcoming Mega Millions drawing with the potential to transform your life in every way.

Do you choose the annuity, which has an initial payment of $23.3 million and increases the payment every year until the final payment of $96 million in the 29th year, or do you opt for the lump-sum cash payment of $757.2 million all at once?

You can weight the tax consequences of that choice state-by-state by visiting the Jackpot Analysis page at USA Mega, a website devoted to the Powerball and Mega Millions multi-state lottery games. The feature calculates both the initial withholdings and the final tax burden due at the end of the year, and even can show taxes calculated for different IRS filing statuses.

Someone will get to win that enormous pile of cash Tuesday night at 11:00 pm Eastern Time (8:00 pm Pacific).

Tuesday's $1.55 billion Mega Millions jackpot is the 3rd-largest lottery jackpot of any game in world history, and the $757.2 million lump-sum cash value stands as the 6th-largest ever (see full list below).

The current jackpot run-up started on Apr. 21 as a $20 million grand prize — it has been over 3 months since Mega Millions has had a jackpot winner.

The rush of ticket sales over the next few days may propel the jackpot to an even higher amount before the drawing takes place Tuesday. Lottery Post and USA Mega will update the jackpot tallies displayed if such an increase occurs.

In Friday night's Mega Millions drawing, there was no jackpot winner, but 9 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from Louisiana, 1 from Michigan, 1 from Missouri, 1 from Nebraska, 1 from New York, 1 from Oklahoma, 2 from Tennessee, and 1 from Texas.

Two of the second-prize winners — one from Michigan and one from Tennessee — purchased their tickets with the Megaplier option for an extra $1 per play, multiplying their prizes to $2 million because the Megaplier number drawn was 2.

The Megaplier option is not available in California, because the fixed nature of the prize increase offered with the Megaplier is not compatible with California's pari-mutuel payouts. By law, California awards all lottery prizes on a pari-mutuel basis, meaning the prizes will change each drawing based on the number of tickets sold and the number of tickets that won at each prize level.

A total of 128 tickets matched four of the first five numbers plus the Mega Ball to win a $10,000 prize. Of those tickets, 24 were purchased with the Megaplier option, increasing the prize to $20,000, and 20 were sold in California, where the prize awarded this drawing is $10,030.

The Mega Millions winning numbers for Friday, August 4, 2023, were 11, 30, 45, 52, and 56, with Mega Ball number 20. The Megaplier number was 2.

The complete payout information and official drawing video for Friday's drawing can be found at USA Mega's Mega Millions Drawing Detail page, as well as on the Mega Millions Prize Payouts page at Lottery Post.

Following the Friday drawing, the Mega Millions annuity jackpot estimate was raised $200 million from its previous amount of $1.35 billion. The cash value was raised by $97.7 million from its previous amount of $659.5 million.

Mega Millions tickets cost $2 each. For an extra $1 per ticket players can purchase the Megaplier option, which multiplies any non-jackpot won by up to 5 times, depending on the Megaplier number drawn that evening.

Mega Millions is currently offered for sale in 45 states, plus Washington, D.C. and the U.S. Virgin Islands. Drawings are Tuesdays and Tuesdays at 11:00 pm Eastern Time.

Players looking for the nearest official lottery retailer — or maybe just a different store without such a long line — are urged to use the free Lottery Places app available for iOS, Android, and Windows. The app can find lottery stores in every Mega Millions state and can search across state lines — something even official state lotteries can't do.

Some states offer direct online sales, allowing players to bypass the store and purchase tickets from home. States that offer this ability include Michigan (Mega Millions and Powerball), Minnesota (Mega Millions and Powerball), Oregon (Mega Millions and Powerball), Texas (Mega Millions and Powerball), and Virginia (Mega Millions and Powerball). Note that some of these links will only work properly for residents of the states mentioned.

Players outside the USA can use a reputable butler service, which provides scanned copies of the purchased lottery tickets securely held on behalf of the customer. In the past, the lottery ticket service was used by people out side the USA to win big jackpots in Oregon and Florida.

Mega Millions lottery results are published within minutes of the drawing at USA Mega (www.usamega.com). The USA Mega Web site provides lottery players in-depth information about the United States's two biggest multi-state lottery games, Mega Millions and Powerball.

Top 25 United States lottery jackpots of all time

Friday's Mega Millions jackpot currently stands as the 3rd-largest lottery jackpot of all time, and the largest Mega Millions jackpot ever. Brisk sales may push the jackpot estimate higher by draw time.

If nobody wins Tuesday, it's anyone's guess how high it will go.

  1. Powerball: $2.0401 billion, Nov. 7, 2022 (40 rollovers, starting at $20 million) - California
  2. Powerball: $1.5864 billion, Jan. 13, 2016 (19 rollovers, starting at $40 million) - California, Florida, Tennessee
  3. Mega Millions: $1.55 billion, Aug. 8, 2023 (31 rollovers, starting at $20 million) - Preliminary estimate, not won yet
  4. Mega Millions: $1.537 billion, Oct. 23, 2018 (25 rollovers, starting at $40 million) - South Carolina
  5. Mega Millions: $1.348 billion, Jan. 13, 2023 (25 rollovers, starting at $20 million) - Maine
  6. Mega Millions: $1.337 billion, Jul. 29, 2022 (29 rollovers, starting at $20 million) - Illinois
  7. Powerball: $1.0798 billion, Jul. 19, 2023 (38 rollovers, starting at $20 million) - California
  8. Mega Millions: $1.05 billion, Jan. 22, 2021 (36 rollovers, starting at $20 million) - Michigan
  9. Powerball: $768.4 million, Mar. 27, 2019 (25 rollovers, starting at $40 million) - Wisconsin
  10. Powerball: $758.7 million, Aug. 23, 2017 (20 rollovers, starting at $40 million) - Massachusetts
  11. Powerball: $754.6 million, Feb. 6, 2023 (33 rollovers, starting at $20 million) - Washington
  12. Powerball: $731.1 million, Jan. 20, 2021 (35 rollovers, starting at $20 million) - Maryland
  13. Powerball: $699.8 million, Oct. 4, 2021 (40 rollovers, starting at $20 million) - California
  14. Powerball: $687.8 million, Oct. 27, 2018 (21 rollovers, starting at $40 million) - Iowa, New York
  15. Mega Millions: $656 million, Mar. 30, 2012 (18 rollovers, starting at $12 million) - Illinois, Kansas, Maryland
  16. Mega Millions: $648 million, Dec. 17, 2013 (21 rollovers, starting at $12 million) - California, Georgia
  17. Powerball: $632.6 million, Jan 5, 2022 (39 rollovers, starting at $20 million) - California, Wisconsin
  18. Powerball: $590.5 million, May 18, 2013 (13 rollovers, starting at $40 million) - Florida
  19. Powerball: $587.5 million, Nov. 28, 2012 (15 rollovers, starting at $40 million) - Arizona, Missouri
  20. Powerball: $564.1 million, Feb. 11, 2015 (20 rollovers, starting at $40 million) - North Carolina, Puerto Rico, Texas
  21. Powerball: $559.7 million, Jan. 6, 2018 (20 rollovers, starting at $40 million) - New Hampshire
  22. Mega Millions: $543 million, Jul. 24, 2018 (22 rollovers, starting at $40 million) - California
  23. Mega Millions: $536 million, Jul. 8, 2016 (34 rollovers, starting at $15 million) - Indiana
  24. Mega Millions: $533 million, Mar. 30, 2018 (23 rollovers, starting at $40 million) - New Jersey
  25. Mega Millions: $522 million, Jun. 7, 2019 (24 rollovers, starting at $40 million) - California

For those keeping score, the number of jackpots in the top 25, by lottery game, are:

  • Powerball: 14
  • Mega Millions: 11

Top 25 cash value jackpots

Since many lottery winners collect their winnings in cash, the lump-sum payout is an important measure of what a winning ticket could be worth.

Looking at the cash value, the upcoming Mega Millions jackpot ranks as the 6th-largest cash value in U.S. history.

  1. Powerball: $997.6 million cash, Nov. 7, 2022 ($2.0401 billion annuity) - California
  2. Powerball: $983.5 million cash, Jan. 13, 2016 ($1.5864 billion annuity) - California, Florida, Tennessee
  3. Mega Millions: $877.8 million cash, Oct. 23, 2018 ($1.537 billion annuity) - South Carolina
  4. Mega Millions: $780.5 million cash, Jul. 29, 2022 ($1.337 billion annuity) - Illinois
  5. Mega Millions: $776.6 million cash, Jan. 22, 2021 ($1.05 billion annuity) - Michigan
  6. Mega Millions: $757.2 million cash, Aug. 8, 2023 ($1.55 billion annuity) - Preliminary estimate, not won yet
  7. Mega Millions: $723.5 million cash, Jan. 13, 2023 ($1.348 billion annuity) - Maine
  8. Powerball: $558.1 million cash, Jul. 19, 2023 ($1.0798 billion annuity) - California
  9. Powerball: $546.8 million cash, Jan. 20, 2021 ($731.1 million annuity) - Maryland
  10. Powerball: $496 million cash, Oct. 4, 2021 ($699.8 million annuity) - California
  11. Powerball: $480.5 million cash, Aug. 23, 2017 ($758.7 million annuity) - Massachusetts
  12. Powerball: $477 million cash, Mar. 27, 2019 ($768.4 million annuity) - Wisconsin
  13. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  14. Powerball: $450.2 million cash, Jan. 5, 2022 ($632.6 million annuity) - California, Wisconsin
  15. Powerball: $407.2 million cash, Feb. 6, 2023 ($754.6 million annuity) - Washington
  16. Powerball: $396.2 million cash, Oct. 27, 2018 ($687.8 million annuity) - Iowa, New York
  17. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  18. Powerball: $381.1 million cash, Feb. 11, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
  19. Mega Millions: $378 million cash, Jul. 8, 2016 ($536 million annuity) - Indiana
  20. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  21. Powerball: $352 million cash, Jan. 6, 2018 ($559.7 million annuity) - New Hampshire
  22. Mega Millions: $349.3 million cash, May 21, 2021 ($516 million annuity) - Pennsylvania
  23. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($648 million annuity) - California, Georgia
  24. Powerball: $341.7 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire
  25. Mega Millions: $340 million cash, Jun. 7, 2019 ($522 million annuity) - California

The number of cash value jackpots in the top 25, by lottery game, are:

  • Powerball: 15
  • Mega Millions: 10

Lottery Post Staff


whiteballz's avatarwhiteballz

Let me win please.

hearsetrax's avatarhearsetrax

CDanaT's avatarCDanaT

While I was not one of the 2 winners of the 2nd place prize from TN, I am  going to have to update the sharing list..AGAIN........Onward for Tuesday we go. Good luck to all LP members


Will it be California again? Good 👍 luck 🤞 to all


My prediction was right it rolled again and it will surpass the record from 2018.


Best of luck to LP members.


Quote: Originally posted by CDanaT on Aug 5, 2023

While I was not one of the 2 winners of the 2nd place prize from TN, I am  going to have to update the sharing list..AGAIN........Onward for Tuesday we go. Good luck to all LP members

I wasn't the match 5 winner in Louisiana, but I'll be in again on Tuesday.

Wildbill78's avatarWildbill78

Well! I guess I'll be funding buying more tickets! You got to be in it to win it no matter how you feel about it! If the guy from California who won $2 Billion could win it and decide to show his face and waste hundreds of thousands of dollars on security why not me. Everyone has a chance 🤷🏾‍♂️

NJPiney's avatarNJPiney

Good luck everyone 🍀🤞👍

wander73's avatarwander73

I hope there's a winner,  Tuesday. 

I don't think half the members on this site would know what to do with it, and everybody just keeps getting all hyped up technically over nothing



wander73's avatarwander73

Quote: Originally posted by Kandiapple on Aug 5, 2023

My prediction was right it rolled again and it will surpass the record from 2018.

thats up to them.  I don't quite believe the amts.  It should be past $1.9

Todd's avatarTodd

Anyone who wants a refresher on how jackpots are calculated and the difference between the cash and annuities should check out the excellent video Kate put together on the subject: https://www.lotterypost.com/news/340649

Artist77's avatarArtist77

I think the next drawing date 8-8 is considered one of the luckiest days of the year. 

I just bought one ticket online. I aim for 2nd place. Too much stress and time to manage all of that jp money.

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