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Mega Millions jackpot: Nearly $600M on the line for Tuesday's drawing

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The Mega Millions jackpot could hit $1 billion by Christmas, according to the latest from CNN on Dec. 16. As it stands right now, Tuesday's drawing will be for an estimated $586 million. Just how big will it grow before someone walks away a winner?

The largest Mega Millions jackpot happened in April when it hit $656. The current jackpot is the second-largest ever, and it is growing quickly.

While the Mega Millions jackpot is growing quickly, the new odds make it harder than ever before to win. In fact, reports CNN, it would be easier to be hit by an asteroid. The odds used to be 1 in 176 million to win the jackpot. However recently the lottery company increased the pool of numbers used in the Mega Millions lottery, which means the odds got even more challenging. A lottery ticket purchaser now has 1 in 259 million odds of winning the big prize.

In fact, nobody has won the Mega Millions jackpot since the company made the changes to the pool of numbers. If that continues, it is estimated that the Mega Millions jackpot could hit $1 billion just in time to make someone's Christmas particularly special. Just how high will it go? While some may not have paid all that much attention to the Mega Millions in the past with the Powerball seemingly more dominant in some markets, people are certainly taking notice now.

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