There have been 29 consecutive Mega Millions drawings since April 21 without a jackpot winner…increasing the estimated jackpot amount for the Tuesday, August 1 drawing to $1.1 billion or $550.2 million with the cash option selected.
Mega Millions jackpot winners have two options for collecting their payment: 30 annuity payments or one cash payment at present value. The annuity option provides annual payments that increase each year. The present cash value is less than the advertised jackpot, which is based on the 29-year annuity option.
Winning Mega Millions numbers are announced every Tuesday and Friday at 10:00 p.m. Central Time and posted at the Nebraska Lottery website, nelottery.com.