Mega Millions jackpot approaches $1 billion with new drawing

• The Mega Millions jackpot has reached $900 million after Friday's drawing.
• The odds of winning the jackpot are 1 in 290,472,336.
• The winner can choose between a lump sum payment or an annuity payment over 30 years.

The Mega Millions jackpot has increased to approximately $900 million after no winning tickets were sold in Friday's drawing. This makes it the largest jackpot in the history of the lottery.

No tickets matched all six numbers in Friday's drawing. The winning numbers were: 16, 21, 23, 48, 70, and the gold Mega Ball 5. The next drawing will take place on Tuesday.

The winner will have the option to take the jackpot as a lump sum payment of around $415.3 million or as an annuity paid over 30 years. After taxes, the winnings could be reduced to approximately $261.7 million if the lump sum is chosen.

The odds of winning the jackpot are 1 in 290,472,336. This is an improvement compared to previous odds of 1 in 302.5 million, which were introduced earlier this year.

Lottery tickets cost $5 and may include a multiplier that increases winnings if they are not a jackpot.

Tags: USA