Mega Millions jackpot soars to $785 million for Tuesday’s drawing

(CNN) — If your New Year’s goals include buying 2,616 castles or 1,520 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 are 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.