Mega Millions jackpot soars to $785 million for Tuesday night’s drawing. These are your odds of winning

(CNN) — If your New Year’s goals include buying 2,616 castles or 1,520 high-end Ferraris for you and your closest friends, Tuesday’s Mega Millions jackpot could make your dreams a reality. OK, probably not. Your odds of winning the grand prize is 1 in 302,575,350. But the estimated $785 million jackpot is among the biggest in Mega Millions history. The winning numbers will be drawn at 11 p.m. ET Tuesday. The largest jackpot in history was $1.537 billion, scored by one outrageously lucky winner in 2018. If a single winner hits the jackpot Tuesday, they could get their $785 million by choosing annuity payments over 29 years, lottery officials said. But a winner who wants their avalanche of cash immediately can choose the cash option of $395 million. The-CNN-Wire ™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.