'Mega Millions' lottery nears record high in US

August 30, 2007 , a multi-state lottery in the United States is nearing a record high. Friday's August 31 drawing is expected to be at least US$325,000,000. So far, it is the fourth largest jackpot in U.S. history.

Twelve states in the U.S. participate in the lottery and the odds of at least one person winning the jackpot are one in 175,711,536. It costs just one dollar to purchase a ticket and if you win, you can receive the winnings in sums of 36,000 for every million won, each year, or receive it all in one lump sum.

On Tuesday, the jackpot was only at $250 million and reports say that the jackpot could rise even higher than $325 million just before the drawing on Friday.

On March 6, 2007, the Mega Millions jackpot of US$390 million, the highest lottery jackpot ever in the world, was paid out to two individuals who lived in Georgia and New Jersey.

The lottery results will be broadcast on live television at 8:00 p.m. (pacific time), 11:00 p.m. (eastern time).