Mega Millions, Powerball jackpots reach almost $1 billion combined

Sean Reid
October 19, 2018

The US Mega Millions jackpot climbed to almost $1 billion for Friday's drawing, the largest ever for the contest, and the second biggest USA lottery on record, trailing a $1.586 billion Powerball jackpot paid out in 2016.

Unfortunately, even as the big prize for Tuesday night's Mega Millions drawing increases to the fourth-largest in US history, the odds of matching all six numbers and winning the game don't improve.

Powerball and Mega Millions are the two games with the largest payouts offered by the N.C. Education Lottery, and both are sold in many other states. "If you have not purchased a Mega Millions ticket, you can not win a prize", they say. They say the estimated cash value for Friday's jackpot is $548.6 million.

The odds of winning the current Mega Millions jackpot are 1 in 302,575,350 and is not dependent on the number of players in the pot.

Information from the Associated Press was used in this report.

Mega Millions drawings take place every Tuesday and Friday.

Nine Mega Millions tickets from Tuesday's drawing matched five white balls to win the second prize - $1 million.

The potential winnings are so large New Yorkers lining up to buy tickets had plans for spending only a small fraction of the fortune.

The all-time highest Mega Millions jackpot is now even bigger.

Ascienzo also says while lottery jackpots are overwhelming played by low-income Americans, ticket sales tend to hit a tipping point because higher-income Americans are drawn to the higher jackpots as well.

One Powerball player in MA woke up a million dollars richer Thursday morning.

The jackpot goes to a victor who matches the five numbers and the Powerball number.

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