Powerball now at $620 million, while Mega Millions jackpot hits $1.6 billion
LUCK. The Mega millions lottery will be the largest jackpot in the US history to take place on Tuesday as the Powerball is adding $620 million to the odds.
Let's try again. With no one hitting all winning numbers in Saturday's Powerball drawing, the jackpot has jumped to $620 million.
And after no one won the the top prize in Friday night's Mega Millions drawing, that haul has soared to a staggering $1.6 billion, the largest jackpot in U.S. lottery history.
The prize for Friday's Mega Millions jackpot climbed already to $900 million after no one won it last Tuesday.
The jackpot of $667 million would have been a new record for that game.
The only larger lottery payout was a Powerball drawing for $1.59 billion in January 2016. Three winners split the precious treasure.
A lone winner of the projected prize taking the cash lump sum would receive about $900 million. The federal government is estimated to take 25 percent of lottery winnings in taxes, and some states take up to 8.82 percent.
The Mega Millions jackpot has skyrocketed since the July 24 drawing when a group of 11 coworkers in Santa Clara County, California, shared a $543 million jackpot, the game's fourth-largest.
Your chance of winning the Mega Millions jackpot, though, is pretty dismal: 1 in 302.6 million. For the Powerball jackpot, meanwhile, your chance of winning is 1 in 292 million.
Playing both lotteries? The chance of winning both is at least 1 in 88 quadrillion (that's 88 followed by 15 zeros).
The next drawings will take place Tuesday night for Mega Millions and Wednesday night for Powerball.
It's definitively time to dream big. Really, really, really big. Very good luck!
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