The current $400 million jackpot is the second-largest prize in Mega Millions history, according to the game’s website. It is also the fifth-largest lottery jackpot in the history of North America. The largest-ever Mega Millions jackpot was $656 million, split between three individuals in March 2012.
If won by a single Michigan player on Friday, it will be the largest lottery jackpot won in the state. It would be $63 million more than the $337 million Powerball jackpot, won by Donald Lawson, of Lapeer, on August 15, 2012.
The winner could decide to take the money in a one-time payment and would receive $216 million! Or, the jackpot can be paid out as an annuity for 30 years, where the player would receive about $6 million as an initial payment, which would increase about five percent each year to a final payment of approximately $24 million.
The next Mega Millions drawing will take place at 11 p.m. on Friday, December 13. Tickets are $1 each and must be purchased by 10:45 p.m. to be eligible for that night’s drawing.