Mega Millions jackpot: $743 million
The Mega Millions jackpot is $743 million (cash value $323.4 million) for the next drawing on Fri, Jul 24 at 11:00 PM ET.
Why the Mega Millions jackpot is this big
Nobody has matched all six numbers since March 17, 2026, when $60 million was won in Ohio. Each drawing since has added to the prize, which is why it now stands at $743 million.
A longer roll means a bigger prize — not a better chance
This is the part worth being precise about, because it is the most common misunderstanding in the lottery. A long run without a winner tells you the prize has grown. It tells you nothing whatsoever about tonight. The odds are 1 in 290,472,336, and they were exactly that on the day the last jackpot was won, and they will be exactly that on the day the next one is. They do not drift, warm up, or come due.
Powerball is the clearest example. It was won on April 29, 2026, reset to its $20 million minimum, and was then won again three days later, on May 2, 2026 — at that minimum. A jackpot cannot be less "overdue" than one that has just been won, and it was hit anyway. Draws have no memory of each other.
The one thing a big jackpot genuinely changes: more tickets get sold, so the chance that somebody wins goes up — and so does the chance that a winner has to share it.
Estimated take-home after tax by state
| State | State rate | After 24% withholding | After all taxes |
|---|---|---|---|
| California | 0.0% | $245.8 million | $203.7 million |
| Texas | 0.0% | $245.8 million | $203.7 million |
| Florida | 0.0% | $245.8 million | $203.7 million |
| New York | 10.9% | $210.5 million | $168.5 million |
| Pennsylvania | 3.1% | $235.9 million | $193.8 million |
| Illinois | 5.0% | $229.8 million | $187.7 million |
| Ohio | 2.8% | $236.9 million | $194.8 million |
| Georgia | 5.2% | $229 million | $187 million |
| North Carolina | 4.0% | $232.9 million | $190.8 million |
| Michigan | 4.3% | $232 million | $190 million |
The odds
The odds of winning the Mega Millions jackpot are 1 in 290,472,336. Every combination is equally likely; these odds are fixed and no method changes them.
When the Mega Millions jackpot was last won
| Drawing | Jackpot | Cash value | Won in |
|---|---|---|---|
| March 17, 2026 | $60 million | $27.1 million | OH |
| March 10, 2026 | $536 million | $245.6 million | IL |
| December 2, 2025 | $90 million | $42 million | NJ |
| November 14, 2025 | $983 million | $453.6 million | GA |
| June 27, 2025 | $348 million | $155.5 million | VA |
| April 18, 2025 | $112 million | $49.3 million | OH |
| March 25, 2025 | $349 million | $161.4 million | IL |
| January 17, 2025 | $112 million | $50 million | AZ |
How much is the Mega Millions jackpot?
The Mega Millions jackpot is $743 million (cash value $323.4 million) for the next drawing on Fri, Jul 24.
When is the next Mega Millions drawing?
The next Mega Millions drawing is Fri, Jul 24 at 11:00 PM ET.
What is the cash value?
The estimated cash value is $323.4 million, paid as a single lump sum instead of the $743 million annuity.
When was the Mega Millions jackpot last won?
The Mega Millions jackpot was last won on March 17, 2026, when $60 million was won in Ohio. 36 drawings have passed since.
Is the Mega Millions jackpot due to be won?
No. A lottery jackpot is never "due". Each drawing is independent of every drawing before it, so a long run without a winner does not make a win more likely tonight — it only makes the prize bigger. The odds are 1 in 290,472,336 at every single drawing, and they never change. Powerball demonstrated this in 2026: the jackpot was won on April 29, reset to its $20 million minimum, and was won again three days later on May 2.