$1.58 billion Mega Millions jackpot is third-largest in US history

The Associated Press

Lottery players have another shot at a massive Mega Millions jackpot. The estimated $1.58 billion prize up for grabs Tuesday night has risen thanks to 31 straight drawings without a jackpot winner. It now ranks as the third-largest lottery prize in U.S. history. Mega Millions jackpot winners are so rare thanks to incredibly long odds of one in 302.6 million. The last time someone won the game’s top prize was April 18. The $1.58 billion payout is for a winner who opts for an annuity, doled out over 30 years. Winners usually prefer a lump sum option, which for Tuesday would be about $783.3 million.