What Are My Odds of Winning the Lottery? Mega Millions Jackpot Payout $1.6 Billion on 10/23/18

Tuesday's Mega Millions estimated jackpot is $1.6 billion ($904 million cash option), which is the largest lottery jackpot in U.S. history. So what are your odds of winning?

The odds of winning the Mega Millions jackpot are 1 in 302,575,350, with players picking five numbers from 1 to 70, and a Mega number of 1 to 25, according to the Washington Post. The previous formula had odds of 1 in 258,890,850.

According to The Post, Mega Millions officials tweaked the rules and odds in October 2017 in order to prevent jackpot payouts from occurring more frequently, helping the game's popularity increase with its growing jackpots.

Game officials reportedly worried that the smaller but more frequent prizes would create a "jackpot fatigue," which led to last year's change in the game's format. This has led to less jackpot payouts and larger grand prizes.

Mega Millions is also a multistate lottery and one of America's two biggest lottery jackpot games. Jackpots start at $40 million, and other prizes pay from $1 million to $2 million or more with a Megaplier.

The record Mega Millions jackpot of $656 million on March 30, 2012, was shared by winners in Illinois, Kansas and Maryland, while a $648 million jackpot was won in California and Georgia on December 17, 2013.

Mega Millions is also a multistate lottery and one of America's two biggest lottery jackpot games. Jackpots start at $40 million, and other prizes pay from $1 million to $2 million or more with a Megaplier.

You have until the purchase deadline, Tuesday at 10:45 p.m. ET, to enter the Mega Millions drawing.

The top Mega Millions jackpots to date: Amount / Date / Winning Tickets

  • $656 million, 3/30/2012, 3-IL, KS, MD
  • $648 million, 12/17/2013, 2-CA, GA
  • $543 million, 7/24/2018, 1-CA
  • $536 million, 7/8/2016, 1-IN
  • $533 million, 3/30/2018, 1-NJ
  • $451 million, 1/5/2018, 1-FL
  • $414 million, 3/18/2014, 2-FL, MD
  • $393 million, 8/11/2017, 1-IL
  • $390 million, 3/6/2007, 2-GA, NJ

This article was updated to correct the formula for picking lottery numbers.

What Are My Odds of Winning the Lottery? Mega Millions Jackpot Payout $1.6 Billion on 10/23/18 | U.S.