Mega Millions jackpot climbs to $1.05 billion

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The Mega Millions jackpot climbed to an estimated $1.05 billion after no one took home the $940 million top prize.

The Mega Millions jackpot climbed to an estimated $1.05 billion Friday night, only the fifth time in the history of the game that the grand prize has reached into the billions.

The $1.05 billion prize up for grabs in the next drawing Tuesday night would be for a sole winner choosing to be paid through an annuity, with annual payments over 30 years. Jackpot winners almost always opt for a lump sum payment, which for Tuesday’s drawing would be an estimated $527.9 million.The potential jackpot is the fourth-largest in the game and the fifth over $1 billion, Mega Millions said in a statement early Saturday.

 

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