Another night, another chance to win a giant lottery jackpot
DES MOINES, Iowa – Another night, another chance to win a giant lottery jackpot.
Wednesday night, there will be a $ 550 million Powerball prize. It will only come a day after no one has won a $ 625 million Mega Millions jackpot, which will increase the prize pool to $ 750 million before the next draw on Friday night.
The Mega Millions Award is now the fifth largest in US history.
This is only the second time that both national lottery games have exceeded $ 500 million.
The prizes have gone up so much because it’s been months since anyone tied all six numbers and won either jackpot. The chances of winning everything are incredibly low, at one in 292.2 million for Powerball and one in 302.5 million for Mega Millions.
The jackpots listed in the lotteries are intended for winners who choose to be paid in an annuity of more than 30 years. Almost all the winners take the cash option, which for Powerball would be estimated at 411.4 million dollars, and for Mega Millions would be 550.6 million dollars.
Mega Millions and Powerball are both played in 45 states, as well as in Washington, DC and the US Virgin Islands. Powerball is also offered in Puerto Rico.