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The Mega Millions jackpot increases to 4 million before Thanksgiving – this is where the next drawing will take place

Someone could potentially deposit hundreds of millions into their bank account while taking advantage of Black Friday sales and enjoying some leftover turkey this year.

The Mega Millions jackpot has reached an estimated value of $514 million. The next drawing will take place on November 29th, the day after Thanksgiving, at 11:00 p.m. ET. The cash payout is $241 million.

No one has won the Mega Millions jackpot since September 10, when a winner in Texas took home an $810 million prize. According to Mega Millions, this is the fourth time this year that the jackpot has exceeded $500 million.

According to the company, only three Mega Millions jackpots have been won this year, compared to 10 last year. A winner in Illinois secured a $552 million prize in June, and the person with the winning ticket in a massive $1.128 billion prize in New Jersey in March still hasn’t come forward.

The winning Billion Dollar ticket expires March 26, 2025 and prize money will revert to each participating Mega Millions jurisdiction if no one claims it.

Mega Millions tickets are sold for $2 in 45 states, the District of Columbia and the U.S. Virgin Islands. According to the company, it is the only lottery to have produced six jackpots of more than $1 billion.

The record for the largest Mega Millions jackpot is $1.602 billion, won by a person in Florida in 2023. The odds of winning the jackpot are 1 in 302,575,350.

In April, a winner of the Powerball jackpot, a separate lottery, won a $1.3 billion prize in Oregon.

If you’re the lucky winner of the November 29th draw, we’ve got expert tips on what to do.

This article was originally published on TODAY.com

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