LITTLE ROCK, Ark. (Arkansas Scholarship Lottery) -- Mega Millions® players from east to west and all around Arkansas are lining up for the hottest item this holiday season. With no jackpot winner in Tuesday's drawing, the jackpot for Dec. 13, 2013, drawing is now an estimated $425 million. This is the second-largest jackpot in Mega Millions® history, and the fifth-largest ever in North America.
If one ticket matches all six numbers for the $425 million mega-jackpot, the winner will have the choice of receiving the full jackpot amount in 30 annual payments, or a cash option currently estimated at $228 million before taxes.
"The strong sales of Mega Millions® tickets mean more than just an exciting jackpot," said Bishop Woosley, Director of the Arkansas Scholarship Lottery. "They mean greater profits to benefit each state in which Mega Millions® is played."
This jackpot has steadily grown since the Oct. 1 drawing, when Mega Millions® had its most recent jackpot winner. The Mega Millions® has now rolled 20 times without a jackpot winner.
The odds of winning the jackpot are approximately one in 259 million. The odds of winning any of the Mega Millions® prizes are approximately 1 in 15. Mega Millions® holds the record for the largest jackpot ever, at $656 million.
The $1 Megaplier® option give players a chance to win up to $5 Million (with the 5X) for correctly matching all of the white ball numbers and not the Mega Ball, the odds are 1 in 18,492.204. If a player chooses the Megaplier® option $1 will be added to the cost of each play.
Mega Millions® drawings are held Tuesday and Friday evenings at 10:00 p.m. Central Time. Profits from every Mega Millions® ticket sold in Arkansas remain in the state.
All net proceeds of the Arkansas Scholarship Lottery go to fund college scholarships for Arkansas students at in-state two- or four-year institutions of higher learning.