If you're a Mega Millions ticket holder, then get ready for the Friday, May 16 lottery jackpot drawing, which has risen to a whopping $136 million.

The jackpot winner will have a choice of how they would like to be paid. They could choose the "Cash Option" and receive a one-time, lump-sum payment of $77 million, or they can choose the "Annual Payout" option, which provides annual payments over a 26-year period, according to the Mega Millions' website.

The overall odds of winning any prize are about 1 in 15, but the odds of winning the jackpot are about 1 in 259 million.

Mega Millions drawings take place every Tuesday and Friday after the draw entry closes at 10:45 p.m. EST. Tickets are sold in 43 states as well as the District of Columbia and the U.S. Virgin Islands, which makes a total of 45 jurisdictions. The winning numbers are drawn at WSB-TV in Atlanta.

The Mega Millions winning numbers from the Tuesday, May 12, drawing were 37, 46, 48, 70 and 74, and the Mega Ball number was 1. No one won the $121 million jackpot or the $1 million second prize, but there were 25 winners of the Match 4 + 1 who walked away with $5,000. Each $5,000 lottery winner matched four out of five white Mega Millions winning numbers and the gold Mega Ball number. To purchase a ticket, head over to the Mega Millions Where to Play page.

There are nine ways to win the Mega jackpots, which start at $15 million. Plus, it only costs $1 to get in the game. According to the website, Mega Millions is the biggest jackpot game in the country.

You can also watch a live stream of the lottery drawings at 11 p.m. EDT below: