Mega Millions jackpot rises to $555 million, fifth largest in lottery's history

The Mega Millions jackpot has now reached $555 million. If won during Tuesday night's drawing, it would be the fifth largest jackpot ever. 

The drawing is set for 11 p.m. EDT. If there is a winner, they would be able to choose to receive annual payments over 30 years, or as a lump sum of $316.9 million in cash, Mega Millions said in a statement. 

In 2022 alone there have been three big jackpot wins, including a $426 million win in California on Jan. 28, a $128 million win in New York on March 8, and a $110 million win in Minnesota on April 12, Mega Millions said.