The prize is $2 million shy of the all-time highest Mega Millions jackpot of $656 million. Mega Millions jackpots start at $40 million and roll over until the jackpot is won. The odds of winning the Mega Millions jackpot with a $2 ticket are 1-in-302.5 million.
Winners can accept the prize as an annuity to be paid out over nearly three decades, or they can choose to receive a lump-sum cash payment. The lump sum is the current value of the jackpot in cash — for Tuesday’s drawing, that figure is expected to be nearly $373 million.