Cash Lump Sum: $316.2 Million
The current MegaMillions jackpot amount is based on ticket sales for each draw and how many times the grand prize has rolled over and grown since it was last won. There's a guaranteed $2 million roll increase per draw, although usually the amount is much higher.
With no cap on how high the jackpot can climb, MegaMillions has produced some famous wins, including $1.537 billion hit by an anonymous player in South Carolina in October 2018 after 25 rolls - the largest jackpot ever taken by a single ticket worldwide.
The jackpot is the same amount in all 47 localities where MegaMillions is played - 45 states, the District of Columbia, and the US Virgin Islands. If you match all six numbers drawn, the value of the top prize is the same no matter which jurisdiction you purchased your ticket in. However, taxes in different areas affect the amount a winner will ultimately receive.
After a player hits the jackpot, it resets to its current $20 million starting value. The new estimated jackpot is announced prior to each draw. Check MegaMillions Jackpot Analysis to see the current annuity and cash value of the jackpot. You can also see how how federal and state taxes where you live impact the payout.
Lowest MegaMillions Jackpot
In spring 2020, MegaMillions officials removed the guaranteed minimum value for the jackpot as well as minimum rollover increases between draws. The changes were needed due to the spread of coronavirus, as players remained at home and ticket sales declined. The previous starting jackpot was $40 million, with a minimum $10 million rollover. Since the announcement, the starting jackpot has stayed at $20 million, with rollovers of at least $2 million, although it's possible these amounts could change in the future based on ticket sales.