Mega Millions Jackpot Now at Record-High $1.6 Billion

AUSTIN, TX-- The Mega Millions lottery game has set yet another record ahead of Tuesday's drawing.

After no winning ticket was sold for last Friday's record $1 billion prize, the jackpot for the popular lottery game has climbed to $1.6 billion.

The cash option for that prize is estimated at $904 million.

Good luck winning the jackpot, though. Odds for winning the coveted prize are listed at 1 in 302 million. Winning any of the nine prizes is listed at 1 in 24.

In addition to the astronomically high Mega Millions prize, the Powerball jackpot is listed at a cool $620 million. The Powerball cash option is listed at $354.3 million.

The odds for the Powerball grand prize are listed at 1 in 292 million. Winning any of prize is also listed at 1 in 24.

Perspectively, your odds of being struck by lightning or being bitten by a shark are much more likely. But, hey, where's the fun in that?

The Mega Millions drawing is Tuesday and the drawing for the Powerball is scheduled for Wednesday.