The term 'BIG LOTTO PRIZE, FOR SHORT' can be abbreviated as MIL, which stands for Mega Millions Lottery. The Mega Millions Lottery is a multi-state lottery game that offers jackpots starting at $40 million and often reaching into the hundreds of millions of dollars. It is one of the largest lottery games in the United States and is played in 44 states, the District of Columbia, and the U.S. Virgin Islands.