Mega Millions jackpot jumps to estimated $785 Million

(CNN) — The first Mega Millions drawing of the new year is a big one.

According to the South Carolina Education Lottery Tuesday night’s  $785 million dollar jackpot is the fourth largest in the game’s history.

If the winner takes the lump sum it would end up being roughly $403 million dollars. Don’t quit your job just yet though, the odds of winning are still one – in – 303 million.

Tuesday’s drawing takes place at eleven, but tickets must be purchased by ten.