Mega Millions is a multi-state US$1 lottery game in the Unite States. Twelve U.S. states currently license Mega Millions as a provider of multistate lotteries in those states (29 states, the District of Columbia, and the US Virgin Islands license Powerball, Mega Millions' main competitor). As of 2007, Mega Millions features jackpots of at least US$12 million, payable in 26 annual payments or a lump sum cash payout. As will be explained later, there are differences in playing Mega Millions from state to state. Mega Millions is drawn Tuesdays and Fridays.