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Mega Millions jackpot in U.S. soars to $970M as draw approaches

Click to play video: 'Mega Millions, Powerball jackpots worth over $1.3B'
Mega Millions, Powerball jackpots worth over $1.3B
WATCH ABOVE: The Mega Millions and Powerball jackpots continue skyrocket after no one has taken home either grand prize in recent weeks. That has resulted in a combined worth of over $1.3 billion. – Oct 18, 2018

The Mega Millions jackpot has climbed to $970 million, inching ever-closer to the $1 billion mark.

Officials raised the estimated jackpot Thursday for the second time due to strong sales ahead of Friday night’s drawing.

READ MORE: Viral tweet promising $5,000 from lottery winner a fake

The prize is the second-largest jackpot in U.S. history, behind only a $1.6 billion Powerball prize won in 2016.

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No one has matched all six numbers and won the Mega Millions grand prize since July 24. That reflects the game’s long odds, at one in 302.5 million.

WATCH: The pitfalls of winning the lottery

Click to play video: 'The pitfalls of winning the lottery'
The pitfalls of winning the lottery

The $970 million refers to the annuity option, paid over 29 years. Most winners take the cash option, which would pay an immediate $513 million. About half of the jackpot winnings would go to taxes.

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Mega Millions is played in 44 states, plus Washington, D.C., and the U.S. Virgin Islands.

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