Mega Millions jackpot raised from $550M to $586M - CBS46 News

Mega Millions jackpot raised from $550M to $586M

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ATLANTA (CBS ATLANTA) -

As a result of brisk ticket sales, Georgia Lottery officials announced Monday that the Mega Millions estimated jackpot has been bumped from $550 million to $586 million for Tuesday's drawing.

This is the second largest jackpot in the game's history. The jackpot began rolling Oct. 4 and has rolled 21 times.

Mega Millions offers two jackpot payment options: the $586 million annuity prize paid out as one immediate payment followed by 29 annual graduated payments; or the cash option, which is approximately $316 million.

Tickets are $1.

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