The Mega Millions jackpot has surged to an estimated $582 million for the drawing on August 27, 2024, following 23 consecutive drawings without a jackpot winner since June 7. The cash option available for the jackpot is approximately $286.9 million. The odds of winning the jackpot are 1 in 302,575,350, while any prize can be won with odds of 1 in 24. The current prize is now the ninth largest in Mega Millions history, with two other jackpots already won this year: one for $552 million in Illinois and another for $1.13 billion in New Jersey. Players can purchase tickets for $2, with the option to add a Megaplier for an additional dollar to potentially increase non-jackpot prizes. Mega Millions drawings occur every Tuesday and Friday at 11 p.m. ET.