Mega Millions Winning Numbers Aug. 5, 2016: $30 Million Jackpot (Updated)

BALTIMORE, MD — With parents about to spend a fortune to outfit their kids for the new school year, a Mega Millions jackpot estimated at $30 million on Friday, Aug. 5, could come in handy.

The one-time cash payout option for Tuesday's game, if you win, is estimated at $20 million, lottery officials said.

A March 2012 Mega Millions jackpot of $656 million held the record for the largest lotto jackpot in U.S. history until three winners split the almost $1.6 billion prize in the Jan. 13, 2016, drawing. Mega Millions has awarded 10 jackpots of more than $300 million.

The Aug. 5 winning Mega Millions numbers: 5, 18, 28, 54, 74 and a mega ball of 6.

The July 8 Mega Millions jackpot of $540 million ranked as the seventh-largest jackpot in the United States of all lottery games, including Powerball, officials said, and the third-largest prize for the Mega Millions game in its history.

The record Mega Millions jackpot is $656 million won on March 30, 2012, and it is the second-largest jackpot of all time, while just behind that is the $648 million Mega Millions jackpot split by two winners on Dec. 17, 2013.

The odds of picking the correct numbers on five white balls and one yellow ball are one in 259 million.

No matter how many people play Mega Millions, the chances of winning never change. The chances of winning are based on the amount of number combinations, not the number of players buying tickets, say lottery officials. The Mega Millions game is played by selecting five numbers out of 75 choices (the numbers from 1 to 75), and by selecting one extra number from 1 to 15 (that's the Mega Ball).

Mega Millions is played in 43 states plus the District of Columbia and the U.S. Virgin Islands.

CNN explains the tax implications of winning a big prize:

Lottery winnings are taxed like income, and the IRS taxes the top income bracket 39.6%. The government will withhold 25% of that before the money ever gets to the winner. The rest has to be paid at tax time. Then there are local taxes. Of the 44 U.S. states that participate in Powerball, all but a handful will take an additional cut of the money, according to lottery statistics site USA Mega.