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When is the $502 million Mega Millions lottery drawing?

The Mega Millions jackpot has grown to an estimated $502 million ahead of Friday’s night’s drawing.

The drawing is scheduled for 11 p.m., after no person received on Tuesday. The jackpot has been growing since January.

The Powerball jackpot, meanwhile, is back off to $40 million after a price ticket bought in Louisiana had all six numbers Saturday. The next drawing will take place at 10:59 p.m. Eastern time on Wednesday.

The odds of successful Mega Millions are 1 in nearly 303 million, and those for Powerball are about 1 in 292 million. Sadly, you might be more likely to die or kill somebody whilst driving 2 miles to buy your Powerball price ticket. Or be attacked through a shark.

In both circumstances, the jackpot is received through appropriately selecting the numbers on all 5 white balls drawn (69 possible choices in Powerball, 70 in Mega Millions) in addition to the proper quantity at the purple ball (26 possible choices in Powerball, 25 in Mega Millions).

Winners can settle for the prize in the type of an annuity to be paid out over 29 years, or they can go for a lump-sum money payment. Both choices have tax implications and penalties for any winner’s long-term monetary goals. The lump sum is the current worth of the jackpot in money, which is normally a long way lower than can be earned by means of the annuity.

Tickets for each lottery start at $2.

Financial advisers have plenty to mention about what to do with the winnings: for example, those 5 must-dos after successful the lottery

Also: Why you still shouldn’t buy any lottery tickets

They also have strong views on now not losing money through buying a large number of tickets, given the slim odds. Some of the biggest buyers of what many describe as a voluntary tax are low-income earners, as MarketWatch has reported. Others make the case that investing in the S&P 500 index SPX, -1.73% and Dow Jones Industrial Average DJIA, -1.43% or different longer-term investments are higher ways to put your money to work.

But few issues beat the fun of a lottery.

Now learn: Want to win the Powerball? These numbers arise greater than others