MegaMillions and Powerball jackpots combined are now almost 1 billion dollars
Tuesday’s Mega Millions drawing is worth $654 million, and Wednesday’s Powerball jackpot stands at $345 million. Together, that’s $999 million — a mere seven-figure whisper away from a cool billion dollars.
The reason these jackpots have ballooned to such monstrous proportions is because no one has won in a while. According to a release from Mega Millions, the last Mega Millions jackpot was won July 24, netting 11 co-workers a combined $543 million. The last Powerball jackpot, which totaled $245.6 million, was won August 11 by a man in Staten Island, New York.
Believe it or not, this week’s combined billion-dollar haul is not the biggest prize in the lottery’s history. That honor goes to a 2016 Powerball jackpot, which clocked in at $1.586 billion (although it was shared by three winners).
Of course, the actual amount you’ll win is considerably less than a billion dollars, not just because of taxes and annuities and fine print things. The amount you will win is likely $0, because the odds of winning either jackpot are one in several hundred million.