Mega Millions lottery jackpot grows to $720M

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Mega Millions lottery jackpot grows to $720M
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The Powerball also hasn't had a winner in a while, and its jackpot stands at an estimated $1 billion.

— again. It’s now one of two national lotteries with enormous jackpots but equally enormous odds against winning them.

The new jackpot is Mega Millions’ fifth largest, the lottery said in a news release. On Monday, the nation’s other big lottery game — Powerball — also went without a winner, andFor Mega Millions, the estimated $720 million jackpot in the next drawing would only be distributed to a winner who chooses an annuity paid over 29 years. Nearly all grand prize winners opt to take a cash payout, which for Friday night’s drawing is about $370 million.

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