AUSTIN, Texas (KAMR/KCIT)— According to a news release from Texas Lottery, the July 26, Mega Millions drawing jackpot prize has increased to an estimated annuitized $830 million. The jackpot is the third-largest prize in game history, and the fourth largest in U.S. lottery history.

Tuesday’s drawing offers a cash value worth an estimated $487.9 million. If there is no jackpot winner for Tuesday’s drawing, the Jackpot Prize for the drawing on Friday, July 29, will increase to an estimated $1.025 billion.

“Mega Millions sales continue to be strong for the Texas Lottery during the current jackpot run, which will generate much needed revenue for public education in the state of Texas,” said Gary Grief, executive director of the Texas Lottery. “As great excitement builds for Tuesday night’s drawing, we’re keeping our fingers crossed that the winner of this jackpot is a Texas Lottery player. Most importantly, we also want to remind our players to play responsibly. It only takes one ticket to win.”

Tuesday’s drawing will be the 29th in the current Mega Millions jackpot run since starting at an estimated annuitized $20 million for the April 19th drawing. This is the largest Mega Millions jackpot since the January 22, 2021 drawing when it reached an estimated $1.05 Billion, the game’s second-largest jackpot prize, which was won by an out-of-state player.

Mega Millions is played by choosing five numbers from a field of 70 and one Mega Ball number from the second field of 25 numbers. To win the Mega Millions jackpot, players must match all six numbers drawn, including the Mega Ball. Players matching fewer numbers may not win the jackpot, but could still walk away winners. Mega Millions currently offers a $20 million starting jackpot and a second-tier (Match 5+0) prize of $1 million. By choosing the Megaplier feature for $1 more per play, players can multiply their non-jackpot winnings by two, three, four or five times, winning as much as $5 million.

Drawings are broadcast each Tuesday and Friday at 10:12 p.m. CT. Texas Lottery players can purchase Mega Millions tickets at more than 20,000 Texas Lottery retailers across the state. Ticket sales for the next Mega Millions drawing will close at 9:45 p.m. CT on Tuesday, July 19. The retailer that sells a jackpot-winning Mega Millions ticket is eligible to receive up to a $1 million retailer bonus.

Texas has had 13 Mega Millions jackpot prize winners since it joined the game in 2003. The most recent jackpot winner came in September 2019 when a Leander resident won an estimated annuitized $227 million, which is the largest prize ever paid out to a single Texas Lottery player.

Since the start of 2022, five Texas Lottery players have won second-tier Mega Millions prizes of $1 million or larger, including two during the current jackpot run. A Houston resident claimed a $1,000,510 second-tier prize for the drawing held on May 13 and an Ingram resident claimed a $2 million second-tier prize for the drawing held on June 17.