Mega Millions Jackpot Swells to $363M

The third largest jackpot ever to grace the state of California is up for grabs

By Irene Moore
|  Tuesday, Mar 27, 2012  |  Updated 11:54 AM PDT
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California's Mega Millions lottery grew to the third largest it has ever been at $363 million.

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The Mega Millions lottery jackpot soared to the third largest it has ever been at $363 million, after no one was able to match all six numbers on Friday night's $290 million drawing.

If someone wins the $363 million jackpot Tuesday night, he or she has an estimated cash option payout of $259.8 million, according to a news release posted on the California's lottery website.

The swelling pot is the largest since January 2011 when the jackpot reached $380 million. The next drawing is scheduled for Tuesday at 8 p.m.

The largest jackpot ever won was $390 million in March 2007, with a cash option of $233 million.

The retailer who sells the lucky ticket will receive a maximum bonus of $1 million, according to the news release.

Chances of winning the enormous winnings are about 1 in 176,000,000.

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