• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Personal Financemega millions

The first Mega Millions drawing of 2023 is tonight and the jackpot is now at $785 million

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
January 3, 2023, 10:14 AM ET
Mega Millions lottery playing slips are shown at a supermarket kiosk, Monday, Jan. 2, 2023, in Surfside, Fla.
Mega Millions lottery playing slips are shown at a supermarket kiosk, Monday, Jan. 2, 2023, in Surfside, Fla. The jackpot for the Tuesday drawing is estimated at $785 million. (AP Photo/Wilfredo Lee)Wilfredo Lee—AP Images

An estimated $785 million Mega Millions jackpot set for Tuesday night will give lottery players a chance to start the new year with a lucrative bang.

The big prize is the sixth-largest jackpot in U.S. history and has grown so large because no one has matched all six of the game’s numbers for more than two months. There have been 22 straight drawings without a big winner, allowing the prize to roll over and become ever-larger.

The jackpot-winning drought isn’t surprising given the miserable odds of one in 302.6 million of winning the top prize.

The $785 million jackpot is for a winner who chooses to be paid through an annuity over 29 years. Nearly all winners opt for a cash payout, which for Tuesday night’s drawing would be an estimated $395 million.

The jackpot is the largest since someone in California won a record $2.04 billion Powerball prize on Nov. 8. There still has not been an announced winner of that jackpot.

Our new weekly Impact Report newsletter examines how ESG news and trends are shaping the roles and responsibilities of today's executives. Subscribe here.
About the Author
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Personal Finance

A pile of gold coins and gold bars.
Personal Financegold prices
Current price of gold as of December 10, 2025
By Danny BakstDecember 10, 2025
19 minutes ago
housing affordability
Real EstateHousing
America’s mobile housing affordability crisis reveals a system where income determines exposure to climate disasters
By Ivis Garcia and The ConversationDecember 10, 2025
39 minutes ago
Current price of silver as of Wednesday, December 10, 2025
Personal Financesilver
Current price of silver as of Wednesday, December 10, 2025
By Joseph HostetlerDecember 10, 2025
2 hours ago
Personal FinanceSavings accounts
Today’s best high-yield savings account rates on Dec. 10, 2025: Earn up to 5.00% APY
By Glen Luke FlanaganDecember 10, 2025
5 hours ago
Personal FinanceCertificates of Deposit (CDs)
Earn up to 4.18% APY with the best CD rates available today, Dec. 10, 2025
By Glen Luke FlanaganDecember 10, 2025
5 hours ago
Personal FinanceReal Estate
Current ARM mortgage rates report for Dec. 10, 2025
By Glen Luke FlanaganDecember 10, 2025
7 hours ago

Most Popular

placeholder alt text
Economy
‘Fodder for a recession’: Top economist Mark Zandi warns about so many Americans ‘already living on the financial edge’ in a K-shaped economy 
By Eva RoytburgDecember 9, 2025
17 hours ago
placeholder alt text
Success
When David Ellison was 13, his billionaire father Larry bought him a plane. He competed in air shows before leaving it to become a Hollywood executive
By Dave SmithDecember 9, 2025
1 day ago
placeholder alt text
Banking
Jamie Dimon taps Jeff Bezos, Michael Dell, and Ford CEO Jim Farley to advise JPMorgan's $1.5 trillion national security initiative
By Nino PaoliDecember 9, 2025
19 hours ago
placeholder alt text
Uncategorized
Transforming customer support through intelligent AI operations
By Lauren ChomiukNovember 26, 2025
14 days ago
placeholder alt text
Success
Even the man behind ChatGPT, OpenAI CEO Sam Altman, is worried about the ‘rate of change that’s happening in the world right now’ thanks to AI
By Preston ForeDecember 9, 2025
22 hours ago
placeholder alt text
Economy
The 'forever layoffs' era hits a recession trigger as corporates sack 1.1 million workers through November
By Nick Lichtenberg and Eva RoytburgDecember 9, 2025
24 hours ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.