Get All Access for $5/mo

Mega Millions Jackpot Hits $1.58 Billion After Another Week of No Winners The new jackpot would exceed the current Mega Millions record of $1.537 billion.

By Sam Silverman

Key Takeaways

  • If someone draws the $1.58 billion winning numbers on Tuesday, they could take home $783 million before taxes.
  • Mega Millons hasn't had a lottery winner since April.

Opinions expressed by Entrepreneur contributors are their own.

The Mega Millions Jackpot just upped the ante after there was no grand prize winner for Friday night's billion-dollar drawing.

The jackpot is now $1.58 billion after no one pulled Friday's winning numbers — 11, 30, 45, 52 and 56, plus the gold Mega Ball 20.

If someone claims the new prize, it would be a new Mega Millions record. The largest jackpot to date was $1.537 billion won in South Carolina in 2018.

It's been 31 drawings since the last winner, Johnnie Taylor, 71, won $476 million in April, a New York state record, per New York Lottery. Without a winner, the lottery has continued to grow.

When is the next Mega Millions drawing?

The $1.58 billion jackpot drawing is Tuesday at 11 p.m. The winner could take home a lump sum of $757.2 million cash or they can collect an annuity over 29 years according to a Mega Millions press release.

Tayfun Coskun/Anadolu Agency via Getty Images | Lottery tickets are seen at a store as Mega Millions jackpots grows $1 billion, in San Mateo, California, United States on July 31, 2023.

RELATED: Man Wins Mega Millions After Cashier Makes Mistake on Lottery Ticket

"There's always an air of excitement around the country when Mega Millions jackpots soar," said Georgia Lottery President and CEO Gretchen Corbin said, in another release ahead of the Friday dawing. "The growing jackpot is a source of entertainment and winnings for players while generating important dollars for the good causes supported by each lottery."

Although no one has won the biggest prize, there were a total of 4,904,910 winning tickets across all prize tiers from the August 1 drawing.

The state of Texas had one $4 million winner. Additionally, two people won $1 million in California. Massachusetts, New York, North Carolina, and Wisconsin each had a $1 million winner.

RELATED: 'Hard to Believe': Mother and Son Both Win the Lottery Within Weeks of Each Other

Since April, there have been 36 million winners across all prize levels ranging from a couple of dollars to $5 million.

Sam Silverman

Content Strategy Editor

Sam Silverman is a content strategy editor at Entrepreneur Media. She specializes in search engine optimization (SEO), and her work can be found in The US Sun, Nicki Swift, In Touch Weekly, Life & Style and Health. She writes for our news team with a focus on investigating scandals. Her coverage and expertise span from business news, entrepreneurship, technology, and true crime, to the latest in entertainment and TV news. Sam is a graduate of Lehigh University and currently resides in NYC. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Business News

Meta Makes $1 Million Dollar Donation to Donald Trump's Inaugural Fund

Meta CEO Mark Zuckerberg also reportedly gave Trump a pair of Ray-Ban Meta smart glasses.

Business News

'It's Not About You': How to Fire Someone Effectively, According to Kevin O'Leary

O'Leary says that if you can't fire someone, you aren't the right leader for the organization.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.