Get All Access for $5/mo

Mega Millions Jackpot Hits $1.58 Billion After Another Week of No Winners The new jackpot would exceed the current Mega Millions record of $1.537 billion.

By Sam Silverman

Key Takeaways

  • If someone draws the $1.58 billion winning numbers on Tuesday, they could take home $783 million before taxes.
  • Mega Millons hasn't had a lottery winner since April.

Opinions expressed by Entrepreneur contributors are their own.

The Mega Millions Jackpot just upped the ante after there was no grand prize winner for Friday night's billion-dollar drawing.

The jackpot is now $1.58 billion after no one pulled Friday's winning numbers — 11, 30, 45, 52 and 56, plus the gold Mega Ball 20.

If someone claims the new prize, it would be a new Mega Millions record. The largest jackpot to date was $1.537 billion won in South Carolina in 2018.

It's been 31 drawings since the last winner, Johnnie Taylor, 71, won $476 million in April, a New York state record, per New York Lottery. Without a winner, the lottery has continued to grow.

When is the next Mega Millions drawing?

The $1.58 billion jackpot drawing is Tuesday at 11 p.m. The winner could take home a lump sum of $757.2 million cash or they can collect an annuity over 29 years according to a Mega Millions press release.

Tayfun Coskun/Anadolu Agency via Getty Images | Lottery tickets are seen at a store as Mega Millions jackpots grows $1 billion, in San Mateo, California, United States on July 31, 2023.

RELATED: Man Wins Mega Millions After Cashier Makes Mistake on Lottery Ticket

"There's always an air of excitement around the country when Mega Millions jackpots soar," said Georgia Lottery President and CEO Gretchen Corbin said, in another release ahead of the Friday dawing. "The growing jackpot is a source of entertainment and winnings for players while generating important dollars for the good causes supported by each lottery."

Although no one has won the biggest prize, there were a total of 4,904,910 winning tickets across all prize tiers from the August 1 drawing.

The state of Texas had one $4 million winner. Additionally, two people won $1 million in California. Massachusetts, New York, North Carolina, and Wisconsin each had a $1 million winner.

RELATED: 'Hard to Believe': Mother and Son Both Win the Lottery Within Weeks of Each Other

Since April, there have been 36 million winners across all prize levels ranging from a couple of dollars to $5 million.

Sam Silverman

Content Strategy Editor

Sam Silverman is a content strategy editor at Entrepreneur Media. She specializes in search engine optimization (SEO), and her work can be found in The US Sun, Nicki Swift, In Touch Weekly, Life & Style and Health. She writes for our news team with a focus on investigating scandals. Her coverage and expertise span from business news, entrepreneurship, technology, and true crime, to the latest in entertainment and TV news. Sam is a graduate of Lehigh University and currently resides in NYC. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Business News

Homeowners in These 10 States Pay the Most in 'Hidden' Upkeep Costs

Hidden home costs pile on top of mortgage payments.

Growing a Business

5 Books to Help You Motivate, Unify and Build Perspective

In a post-Covid world, check out these must-read books to help build a more resilient organization, create a modern work culture and maintain a powerful growth mindset.

Money & Finance

Avoid These 10 Mistakes Entrepreneurs Make with Money

Despite the challenging statistic that only 5% of startups survive beyond five years, common financial pitfalls often contribute to their failure. Through personal observation, I've identified the prevalent financial mistakes made by entrepreneurs.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Making a Change

Learn All of Rosetta Stone's Languages for $152

A lifetime subscription is nearly $250 off for a limited time.