The Mega Millions Lottery jackpot for the drawing to be held Tuesday, July 25^th is a whopping $820 million dollars.

The one-time payout option (that most lottery winners choose) would be an estimated $422 Million, which would be enough to make a serious dent in your bucket list and then some. Don’t kick into spending mode just yet, however, because the odds of winning it all are pretty slim.

The odds of Winning the Mega Millions Jackpot is Roughly 1 in 302.5 Million

Here's a breakdown of how the odds of winning is calculated:

There are 5 white balls drawn from a set of 70, and 1 gold "Mega Ball" drawn from a set of 25. The order in which the white balls are drawn does not matter, which means we use combinations, not permutations, to calculate the odds.

For the 5 white balls (without regard to order), there are "70 choose 5" combinations, which equals 12,103,014.

Here's How The Mega Balls Make You Even Richer

There are 25 possible Mega Balls, so the total number of possible combinations for all 6 balls is "70 choose 5" times 25, or 302,575,350.

So, the odds of winning the Mega Millions jackpot are 1 in 302,575,350, which is often rounded to 1 in 302.5 million.

Don't Forget About the Megaplier!

Feeling greedy or perhaps just extra lucky? Multiply your winnings with Megaplier. For an extra $1 per play, you can multiply your non-jackpot winnings 2, 3, 4, or 5 times based on the Megaplier chosen randomly at the time of drawing.

Mega Millions is a multi-state lottery and Washington is one of those states. See walottery.com for further details on this and other lottery drawings in Washington.