After Friday night's Mega Millions drawing resulted in no lucky winner, the jackpot has soared to a staggering $1.55 billion, potentially setting up for the largest prize in Mega Millions' history. The lottery officials say that the increasing enthusiasm of players across the country, including newcomers to the game, makes it likely that there will be a record-breaking jackpot, but we won't know for sure until Tuesday's drawing takes place.

Despite no one matching all the winning numbers, which were 11-30-45-52-56 with a Mega Ball of 20, some players still got rich on Friday. Seven tickets won $1 million each after matching the first five numbers, while two tickets took home a cool $2 million each, as reported by Mercury News.

Forbes breaks down the potential winnings for the next drawing, noting that the winner can choose to receive the $1.55 billion prize through 30 annual payments or an up-front lump sum of $757.2 million. However, should the winner opt for the lump sum, taxes will take a significant bite: there's a mandatory federal tax withholding of 24%, reducing the winnings to around $575.4 million, and a federal marginal tax rate as high as 37% could leave the winner with just over $477 million. Of course, that's still a life-altering number.

Taxes will also vary depending on the winner's state. Several states tax lottery winnings, with rates as low as 2.5% in Arizona or as high as 10.9% in New York, while others, like California, Florida, and Texas, don't tax lottery winnings at all, according to Forbes.

This jaw-dropping jackpot has already entered the top three largest prizes ever, following only a $2.04 billion Powerball prize won last year and a $1.58 billion Powerball jackpot from 2016, as reported by Forbes. With the odds of winning at a daunting 1 in 302.6 million, Tuesday's drawing will determine whether the record will be broken and who the lucky winner might be.