The Mega Millions jackpot entered “historic territory” with a new $1.6 billion jackpot after no one won in Friday night’s drawing. “It’s hard to overstate how exciting this is—but now it’s really getting fun,” said Gordon Medenica, lead director of the Mega Millions Group. The next drawing is set for 11 p.m. Eastern time on Tuesday. The jackpot is expected to balloon in size before then, Medenica said, as excitement over grand prize prompts more people to purchase tickets. Mega Millions officials say the cash option for the $1.6 billion grand prize—if the winner doesn’t want to settle for annual payouts over 30 years—would amount to about $905 million.
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