Mega Millions jackpot is $1.1 billion. How would you spend it?

Tuesday night's Mega Millions jackpot is $1.1 billion

DREXEL HILL, Pa. (CBS) -- What would you do with a billion dollars?

The Mega Millions jackpot is over $1.1 billion after there were no winners in Friday night's drawing. It's the third-largest jackpot in Mega Millions history and the fifth-largest in lottery history.

A lot of people are dreaming big about hitting the Mega Millions lottery jackpot Tuesday night.

Tuesday's drawing will be at 11 p.m., which means you have until 10:45 p.m. to get your tickets.

When it comes to record-breaking Mega Millions jackpots, winning tickets in the past have been sold in Michigan, Illinois and South Carolina. 

If you do, you certainly won't be alone, as millions of Americans try to get a piece of this record-setting jackpot.

With more than a billion dollars on the brain, CBS Philadelphia asked some folks who are hoping to get lucky: What would be the first thing you'd buy if you became a billionaire overnight?

They planned to be generous.

"You kind of take care of the family a little and then after that, you just enjoy yourself and you enjoy life," Alan Lawrence said.

There were dreams of owning new properties.

"A house, a summer home," Hilda Rafal of Wilmington, Delaware, said. "For my husband, a ranch."

Others imagined a nice getaway with their millions.

"I would buy my daughter a house first," Thomas Walston said. "Then I would make sure all the family members were straight, and take a nice vacation."

"We're going to travel," Carla Taylor, of Claymont, Delaware, said. "Travel the world."

Many lottery players also say if they win, they would like to pay it forward.

"Pay off all my five grandchildren's college tuitions," Claymont resident Judi Casper said, "which will probably take all of it."

Claymont resident John Scarcelli says he would pay off his credit card bills and the rest of his debt.

Meanwhile, Lenny White of Claymont says it's time for Delaware to have a Mega Millions winner.

"You never know when your time comes, you know what I mean?" White said. "It's about time somebody in Delaware wins, you know. And I hope it's me."

Lottery players also shared they would like some of the money to go towards charity.

The jackpot is only $1.1 billion if you take the annuity option, which is paid out annually and spread over 29 years.

Most people opt for the lump sum, which for Tuesday night's drawing would amount to about $569 million.

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