The jackpot is predicted to be the largest in the history of Mega Millions.
Tuesday’s Mega Millions jackpot was estimated at $1.58 billion, a record high for the lottery and one of the largest ever in the US.
The lottery is scheduled to take place at 11 p.m. ET, surpassing the previous Mega Millions high of $1.537 billion, according to the lottery. A single ticket sold in South Carolina won that prize.
The cash-out option is estimated at $783.3 million, the lottery adds that “at this level, the jackpot is difficult to predict with complete accuracy.”
The jackpot is bigger than all but two other US lotteries, the $1.586 billion Powerball jackpot in January 2016 and the November 2022 Powerball 2.04 billion jackpot.
There have been 31 draws held since the last time the winner of the Mega Millions jackpot was in New York on April 18, according to the lottery.
“It’s been exciting to see Mega Millions grow,” said Georgia Lottery President and CEO Gretchen Corbin, principal director of the Mega Millions Consortium, at the statement.
She added, “As the jackpot is higher than ever, we thank our players and retailers for their support, which benefits many legitimate causes. sponsored by our participating raffles.”
The previous four $1 billion Mega Million jackpots were won in 2018, 2021, 2022 and January 2023.
Mega Millions is played in 45 states, Washington, DC and the US Virgin Islands. Tickets are $2 per play.
Players must match all five numbers plus the Mega Ball number to claim the jackpot. The odds of winning the jackpot are 1 in 302,575,350.
ABC News’ Meredith Deliso contributed to this story.