(CNN) — Is this the night someone makes US lottery history?

Tuesday’s Mega Millions drawing is for a jackpot estimated at $1.6 billion, which would be the nation’s largest ever.

READ MORE: Raging Fire Tears Through 100-Year-Old Modesto Lumber Yard

That’s the value if the winner or winners select annuity payments. The one-time cash option is estimated at $905 million — still nothing to sneeze at.

The current US lottery jackpot record is $1.586 billion, split by three winning Powerball tickets in January 2016.

And speaking of Powerball: That game’s next drawing is Wednesday, for an estimated jackpot of $620 million.

That puts the jackpots for the nation’s two largest lotteries at more than $2.2 billion.

“It’s hard to overstate how exciting this is — but now it’s really getting fun,” Gordon Medenica, lead director of the Mega Millions Group and director of Maryland Lottery and Gaming, said over the weekend.

READ MORE: Several Dogs Rescued In Raid Of Alleged Fighting Dog Breeder In El Dorado County

Mega Millions has already smashed its own jackpot record, which was $656 million, shared by winners in three states in March 2012.

The nation’s largest lottery jackpots have rolled for a few months.

No one has won the Mega Millions jackpot since July 24 when 11 co-workers in California split $543 million.

Powerball has climbed since there was a winner in New York on August 11.

Each Powerball or Mega Millions ticket is $2. The games are played in 44 states, Washington, D.C., and the US Virgin Islands. Powerball also is played in Puerto Rico.

MORE NEWS: Victor Ponce, Fugitive Accused Of Lewd Acts With Child In Sacramento, Arrested In Mexico

The-CNN-Wire
™ & © 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved.