AP:Mega Millions Jackpot Now $790M, Nation’s 4th Largest Prize

DES MOINES, Iowa (AP) โ€” Lottery officials have raised the Mega Millions grand prize to $790 million, giving players a shot at the nationโ€™s fourth largest jackpot.

The next drawing is on Tuesday. It has grown so large because there hasnโ€™t been a winner in three months, allowing the jackpot to gradually grow from its $20 million starting point in April.

The highlighted pre-tax $790 million prize is for a winner who takes an annuity option, paid out in 30 annual payments.

Most players choose the cash option, which would be $464.4 million before taxes.