New Year’s Day Mega Millions jackpot reaches $415 million

An advertisement for the Mega Millions lottery is seen in a file

An advertisement for the Mega Millions lottery is seen in a file

The odds are long at 1 in 302,000,000, but that's no deterrent when the jackpot is this big.

The Mega Millions jackpot starts at $40 million and continues to grow by at least $5 million each drawing until a victor puts a stop to it.

The largest Mega Millions jackpot on record was tapped in October 2018 when one winning ticket was sold in SC for a $1.537 billion jackpot.

The Mega Millions ticket was one of two winning the third-tier prize in the December 28 drawing.

New year, new (richer by $425 million) you.

Mega Millions says this will be the eighth largest jackpot in its history. The jackpot offers a $425 million annuity, or $254.6 million in cash, according to the NC Education Lottery website. Mega Millions is available to people in 44 states, as well as the District of Columbia and the U.S. Virgin Islands. That was back in 2008 when a victor in Texas took home $33 million.

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