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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.

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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