Will the Mega Millions Jackpot Break a New Record? $714 Million Up for October 28 Draw

The Mega Millions jackpot has soared to a massive $714 million ahead of the next drawing on Tuesday, October 28, 2025, sparking nationwide excitement. Players across the United States are eager to see if this drawing could mark a historic moment and possibly break previous records.

The jackpot ballooned after Friday’s October 24 drawing ended without a grand prize winner. This rollover pushed the total to its current amount, officially making it the ninth-largest Mega Millions jackpot in history. The cash option stands at an estimated $334.1 million, payable immediately before taxes.

Jackpot Breakdown and Prize Options

If a ticket matches all six winning numbers in the October 28 draw, the winner can choose between two major payout options. The first is the annuity plan, which pays the full $714 million over 30 years, with annual payments increasing by 5% each year. The second is the cash lump-sum option, providing a one-time payment of around $334.1 million.

Lottery officials emphasize that the decision between these options depends on each winner’s financial goals. Many past winners have opted for the lump sum to gain immediate access to the funds, while others have preferred the long-term stability of annual payments. Financial advisors recommend that jackpot winners consult professionals before making any commitments.

Recent Draw Results and Growing Anticipation

In the most recent draw on October 24, the winning numbers were 11, 18, 31, 51, 56, and the Mega Ball 24. While no one hit the jackpot, over 480,000 tickets won smaller prizes ranging from $2 to $1 million. Several players also claimed $2 million prizes by adding the Megaplier option to their tickets.

The rapid climb of the prize this month has captured national attention. Earlier drawings in October featured jackpots of $575 million, $625 million, and $650 million. With every rollover, ticket sales continue to surge, fueling speculation about whether this could be the first billion-dollar jackpot of the season.

Why This Jackpot Could Make History

The Mega Millions jackpot has a history of breaking records, including the all-time high of $1.58 billion won in August 2023. While the current $714 million total sits below that, officials note that continued rollovers could push it closer to the billion mark within weeks if no winner emerges on October 28.

Big jackpots like this often lead to spikes in lottery participation, particularly when the prize surpasses $500 million. The simplicity of the game—matching six numbers—and the sheer size of the potential payout make it one of the most popular lottery games in the world.

State lottery commissions across the U.S. have reminded players to play responsibly and verify results only through official lottery channels. The odds of winning the Mega Millions jackpot remain about 1 in 302.6 million, but that hasn’t stopped hopeful players from dreaming big ahead of Tuesday night’s draw.

As anticipation builds, all eyes are on the upcoming October 28 drawing. With $714 million up for grabs, players are wondering—will this be the night the Mega Millions jackpot breaks a new record?

FYI (keeping you in the loop)-

Q1: How much is the current Mega Millions jackpot?

The current Mega Millions jackpot is estimated at $714 million for the October 28, 2025 drawing, with a cash option of $334.1 million.

Q2: When is the next Mega Millions drawing?

The next drawing will take place on Tuesday, October 28, 2025, at 11:00 p.m. Eastern Time.

Q3: What are the odds of winning the jackpot?

The odds of winning the Mega Millions jackpot are approximately 1 in 302.6 million.

Q4: What is the largest Mega Millions jackpot ever?

The largest Mega Millions jackpot in history was $1.58 billion, won in August 2023.

Q5: How can players buy Mega Millions tickets?

Tickets can be purchased at authorized retailers in 45 states, Washington D.C., and the U.S. Virgin Islands. Some states also offer online sales.