Mega Millions Jackpot Now $514 Million: Next Drawing Time

Someone could potentially add hundreds of millions to their bank account while taking advantage of the Black Friday sales and enjoying some leftover turkey this year.

The Mega Millions jackpot has reached an estimated $514 million, and the next drawing will come at 11 PM ET on November 29, the day after Thanksgiving. The cash payout is $241 million.

No one has hit the Mega Millions jackpot since September 10, when a winner in Texas took home $810 million. It is the fourth time this year that the jackpot has exceeded $500 million, according to Mega Millions.

Only three Mega Millions jackpots have been won this year compared to 10 last year, according to the company. An Illinois winner claimed a $552 million prize in June, and the person with the winning ticket in a monster $1.128 billion prize in New Jersey from March has still not come forward.

The winning billion ticket expires on March 26, 2025, and the prize money will revert to each participating Mega Millions jurisdiction if no one claims it.

Mega Millions tickets are sold for $2 in 45 states, the District of Columbia and the US Virgin Islands. It is the only lottery to have produced six jackpots of more than $1 billion, according to the company.

The record for the highest Mega Millions jackpot is $1.602 billion, won by a person in Florida in 2023. The odds of winning the jackpot are 1 in 302,575,350.

In April, a winner of the Powerball jackpot, a separate lottery, took home a $1.3 billion prize in Oregon.

If you’re the lucky winner of the draw on November 29, we’ve got expert tips on what to do.