The new guaranteed starting jackpot rose from $17 million to an incredible $40 million jackpot prize (this was lowered to $20 million in 2020). In October 2017, Mega Millions made a decision to increase the minimum starting jackpot and the number of Mega Balls.
The record was held for 4 years until Powerball awarded a $1.586 billion jackpot in January 2016. At one point, Mega Millions held the world record for the largest lottery jackpot ever! This incredible prize was awarded to three lucky winners who shared the $656 million jackpot prize in March 2012. The sky’s the limit when it comes to Mega Million jackpots! This lottery has no cap, so it rolls until someone wins it. How High Can Mega Millions's Jackpots Grow?
