(CNN) — The Mega Millions jackpot for Tuesday night’s drawing has climbed to $900 million, the eighth-largest jackpot in the game’s history.

Winners can choose between a $415.3 million lump-sum payout or an annuity paid over 30 years, with one immediate payment followed by 29 annual installments that increase by 5% each year, according to Mega Millions .

The odds of winning any prize are 1 in 23, while the odds of winning the jackpot are 1 in 290.5 million.

If there is no winner tonight, the next drawing will be held Friday at 11 p.m. ET, with the jackpot expected to surpass $1 billion.

Changes to Mega Millions in April more than doubled the ticket price but slightly improved the odds of winning. Each ticket costs $5 per play and includes multipliers of 2x, 3x, 4x, 5x, and 10x.

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