Mega Millions jackpot balloons to $681 million after no grand prize winner

Published On Aug 31, 2024, 12:55 AM

The Mega Millions lottery jackpot has reached an estimated $681 million after no winner was declared from the previous drawing, making it the seventh-largest jackpot in the game's history. The next drawing is set for Tuesday, with a cash option of approximately $336.1 million. Previously, the jackpot was at $627 million, and it's reported that the odds of winning the grand prize are 1 in 302.5 million. The last time the jackpot was won was on June 4, when a $552 million prize was claimed in Illinois.

Stock Forecasts

Interest in lottery tickets may spike due to the large jackpot, leading to increased sales for retailers that sell lottery tickets. This could benefit companies like Albertsons Companies, Inc. (ACI), which has a significant grocery store presence and sells lottery tickets in many states.

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The Mega Millions jackpot grew to an estimated $681 million after no tickets matched the winning numbers during Friday night's drawing.