Mar 19, 2024 - Economy

$893 million on the line 💰

a picture of a Mega Millions ticket

Photo Illustration: Scott Olson/Getty Images

The jackpot for tonight's Mega Millions drawing is an estimated $893 million — the 10th-largest U.S. lottery prize ever, Axios' Kelly Tyko writes.

Between the lines: Only five Mega Millions' jackpots have been bigger. All of them eventually surpassed $1 billion, lottery officials said in a statement.

  • The cash option for the drawing is worth approximately $421.4 million, the lottery website said.

The big picture: Bigger prizes — and fewer jackpot winners — have become the norm since Powerball and Mega Millions made the games harder to win and more enticing to play a few years ago.

What we're watching: Mega Millions drawings are held at 11pm ET on Tuesdays and Fridays.

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This story was an excerpt from Axios Closer, a recap on the day's biggest business stories.

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