Mega Millions jackpot worth $1.1 billion for Tuesday drawing: Here's the cutoff time to buy your tickets

CLEVELAND — Here. We. Go!

Lottery excitement is swirling across the country as the Mega Millions jackpot has now soared to $1.1 billion for the next drawing Tuesday night.

RELATED: Lucky discovery! Medina man finds winning Mega Millions ticket worth $1 million in stack of old tickets

But what is the cutoff time to buy your lottery tickets before the next drawing? How much is the cash option worth? What are your odds of winning the Mega Millions jackpot? What lucky numbers have been drawn recently? Explore the details below for answers to all those questions and lots more.

Good luck!

WHAT IS THE MEGA MILLIONS JACKPOT WORTH RIGHT NOW?

$1.1 billion.

WHAT IS THE CASH OPTION?

$525.8 million. 

WHEN IS THE NEXT DRAWING?

Mega Millions drawings are held every Tuesday and Friday night at 11 p.m. The next drawing is set for Tuesday, March 26.

RELATED: $2 million winning Powerball lottery ticket sold in Ohio: Here's where the lucky ticket was purchased

WHAT IS THE CUTOFF TIME TO BUY TICKETS?

While cutoff times differ by state, the Ohio Lottery says ticket sales close for Mega Millions at 10:45 p.m. EST on the day of the drawing.

HOW IS THE WINNER PAID?

The winner has two choices to collect their prize. Here's how it's explained by Mega Millions lottery officials:

Annuity option

The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Each payment is 5% bigger than the previous one. This helps protect winners’ lifestyle and purchasing power in periods of inflation.

For a typical jackpot of $100 million, the initial payment would be about $1.5 million, and future annual payments would grow to about $6.2 million.

When the jackpot is $200 million, each payment is twice as big. When the jackpot is $50 million, each payment is half as big, etc.

Cash option

A one-time, lump-sum payment that is equal to the cash in the Mega Millions jackpot prize pool.

WHAT IF MORE THAN ONE PERSON WINS?

"The jackpot is divided equally among the number of winning tickets," according to the Ohio Lottery.

RELATED: Winner! Scratch-off lottery ticket worth $1 million sold in Northeast Ohio: See where the winning ticket was purchased

WHAT ARE THE ODDS OF WINNING THE MEGA MILLIONS JACKPOT?

One in 302,575,350.

HOW CAN I WIN OTHER PRIZES?

Didn't win the jackpot? Be sure to check your tickets because they may have won smaller prizes. Here are those odds:

• $1 million prize: One in 12,607,306 (matching all five white balls)
• $10,000 prize: One in 931,001 (matching four white balls and the Mega Ball)
• $500 prize: One in 38,792 (matching four white balls)
• $200 prize: One in 14,547 (matching three white balls and the Mega Ball)
• $10 prize: One in 606 (matching three white balls)
• $10 prize: One in 693 (matching two white balls and the Mega Ball)
• $4 prize: One in 89 (matching one white ball and the Mega Ball)
• $2 prize: One in 37 (matching the Mega Ball)

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HOW MUCH ARE MEGA MILLIONS TICKETS?

$2 each.

WHAT IS THE MEGAPLIER AND HOW DOES IT WORK?

For an additional $1 per ticket, players can add the Megaplier option, which pays an increased amount for various prizes.

"Mega Millions players winning the $1 to $1,000,000 prize levels can multiply their Mega Millions prize by two, three, four or five times," the Ohio Lottery explains. "For example, if a player wins $10,000 on Mega Millions and the Megaplier number drawn is 4, the total win is $40,000 ($10,000 x 4) if the bet card also has a checkmark in the Megaplier box."

WHAT WAS THE FIRST MEGA MILLIONS JACKPOT WON IN OHIO?

It was back on Dec. 30, 2003, when Rebecca Jemison of South Euclid won $162 million, according to the Ohio Lottery.

WHAT ARE THE MOST RECENT NUMBERS PULLED IN MEGA MILLIONS?

Here's a look at the lucky numbers for the last 10 drawings:

• March 22: 3, 8, 31, 35, 44 and Mega Ball 16.
• March 19: 24, 46, 49, 62, 66 and Mega Ball 7.
• March 15: 13, 25, 50, 51, 66 and Mega Ball 6.
• March 12: 2, 16, 31, 57, 64 and Mega Ball 24.
• March 8: 19, 20, 22, 47, 58 and Mega Ball 1.
• March 5: 2, 49, 50, 61, 70 and Mega Ball 14.
• March 1: 15, 33, 37, 55, 61 and Mega Ball 24.
• Feb. 27: 6, 18, 26, 27, 49 and Mega Ball 4.
• Feb. 23: 4, 6, 40, 41, 60 and Mega Ball 11.
• Feb. 20: 5, 45, 55, 58, 68 and Mega Ball 7.

HAS OHIO HAD ANY BIG LOTTERY WINNERS THIS YEAR?

Yes! There have been two big lottery winners between the Powerball and Mega Millions in Ohio so far this year.

• March 9 in Powerball: $2 million winner in Columbus
• Feb. 6 in Mega Millions: $1 million ticket sold in Ashland

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