Mega Millions Jackpot Reaches $480 Million for July 15 Drawing

Climbs to 10th largest jackpot in the game’s history

Heads up, jackpot chasers and dreamers! The Mega Millions jackpot for the Friday, July 15 drawing is $480 million, the 10th largest in the game’s history. The cash option is $276 million.

If nobody hits the jackpot on July 15, it will roll to an estimated annuity value of $530 million for the drawing on Tuesday, July 19, making it the eighth-largest in Mega Millions history, with an estimated cash option of $304.7 million.

Mega Millions jackpot winners can choose between annuity payments ‒ one immediate payment and annual payments that increase by 5 percent per year for 29 years ‒ or the cash option.

The last drawing on July 12 produced 31,686 Maryland winners of prizes ranging from $2 to $500. Nationally, there were 1,197,065 winners of prizes up to $1 million.

The Maryland Lottery has sold 14 Mega Millions winning tickets of $10,000 to $1 million during the current jackpot run, which began with the Tuesday April 19 drawing. The total includes a second-tier winning ticket worth $1 million that was sold in Rising Sun.

Since the last jackpot of $20 million was hit in Tennessee on April 15, Mega Millions has produced more than 14.1 million winning tickets across the country, with prizes ranging from $2 up to $1 million. There have been 24 second-tier winners of $1 million and 346 third-tier winners of $10,000. Mega Millions has nine different prize tiers, and tickets are sold in 47 states and jurisdictions

The largest jackpot in Mega Millions history was $1.537 billion on Oct. 23, 2018 on a ticket sold in South Carolina. The last Maryland jackpot win came on March 14, 2014, when Maryland and Florida players split a $414 million jackpot. Before taxes, the jackpot gave the Maryland and Florida ticket holders $115.5 million each through the cash option selected by the winners. After taxes, the Maryland winner received $76.4 million. That winning ticket was sold at Lady’s Liquors in La Plata.