• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Personal Financemega millions

The first Mega Millions drawing of 2023 is tonight and the jackpot is now at $785 million

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
January 3, 2023, 10:14 AM ET
Mega Millions lottery playing slips are shown at a supermarket kiosk, Monday, Jan. 2, 2023, in Surfside, Fla.
Mega Millions lottery playing slips are shown at a supermarket kiosk, Monday, Jan. 2, 2023, in Surfside, Fla. The jackpot for the Tuesday drawing is estimated at $785 million. (AP Photo/Wilfredo Lee)Wilfredo Lee—AP Images

An estimated $785 million Mega Millions jackpot set for Tuesday night will give lottery players a chance to start the new year with a lucrative bang.

The big prize is the sixth-largest jackpot in U.S. History and has grown so large because no one has matched all six of the game’s numbers for more than two months. There have been 22 straight drawings without a big winner, allowing the prize to roll over and become ever-larger.

The jackpot-winning drought isn’t surprising given the miserable odds of one in 302.6 million of winning the top prize.

The $785 million jackpot is for a winner who chooses to be paid through an annuity over 29 years. Nearly all winners opt for a cash payout, which for Tuesday night’s drawing would be an estimated $395 million.

The jackpot is the largest since someone in California won a record $2.04 billion Powerball prize on Nov. 8. There still has not been an announced winner of that jackpot.

Our new weekly Impact Report newsletter examines how ESG news and trends are shaping the roles and responsibilities of today's executives. Subscribe here.
About the Author
By The Associated Press
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.