The Mega Millions jackpot has surged to an estimated $1.15 billion for the upcoming drawing following no winners on Christmas Eve. The current jackpot potential is the fifth-largest ever, with odds of winning the grand prize at 1 in 302,575,350. Tickets, sold in 45 states, cost $2 each, with proceeds benefiting state sales. The lottery seeks to engage holiday ticket gifting as a means to fulfill dreams during the festive season, as many hope to claim the big prize. Drawings occur on Tuesdays and Fridays at 11 PM ET.