Mega Millions jackpot hits $640 million after no big winner

Des Moines, Iowa – The Mega Millions jackpot increased to an estimated $640 million on Wednesday after another drawing that went without a winner.

No one won the lottery game’s jackpot on Tuesday night, so no one matched all six numbers in 21 consecutive draws. The next drawing will be on Friday night.

The huge jackpot comes less than two months after the largest lottery jackpot ever won, the $2.04 billion Powerball jackpot won in California on Nov. 8. So far, the big winner has not stepped forward to accept the award.

The reason for all the jackpots is simple – the high odds ensure that the winners are few and far between, and the long streak of no wins keeps the jackpot growing week after week.

The odds of winning the Mega Millions jackpot are 1 in 302.6 million.

The advertised $640 million jackpot is paid out in annual payments over 29 years for the winner who chooses to pay through an annuity. Nearly all winners chose cash, and Friday’s drawing was estimated at $328.3 million.

Mega Millions takes place in 45 states plus Washington, D.C. and the U.S. Virgin Islands.

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