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Combined Mega Millions, Powerball jackpots reach $1 BILLION

08 January 2018

"This is an exciting time because it marks the first time ever that we've seen both jackpots simultaneously reach these levels", said Pennsylvania Lottery Executive Director Drew Svitko.

There are two Mega Millions jackpot prize payment options: You can receive your prize in 30 annual payments, or receive the prize in a lump sum cash payment.

Saturday's $570 million jackpot is the fifth-largest Powerball jackpot and the seventh-largest US lottery jackpot. The Mega Millions jackpot increased to $450 million by the afternoon, ahead of the late night drawing. Did you get lucky and win the $450 million Mega Millions jackpot?

If a victor takes the cash lump sum it would add up to $281.2 million before taxes.

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Although my office has played some of the bigger lotteries in the past, I've opted out.

Among the local winners with the new formula were Paul and Norma Fox of Cortlandt, who won a $5 million second prize playing the Mega Millions megaplier option, and Katherine Lukin of West Nyack, who won $1 million in November. Tickets can be purchased until 9:59 p.m. for a chance at Friday night's jackpot.

The back of each Powerball ticket clearly states the odds of winning the top prize.

According to statistics provided by the Texas Lottery, the most common gold Mega Ball number since October 31, 2017 (when the game changed to its current format) is the No. 22 (three times).

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The Powerball jackpot is now at $550 million, putting the combined jackpots near $1B. One worker had two shares in the pool and received about $12.6 million. All publications noted that it was perfectly legal for foreigners to win American lottery prizes by purchasing official tickets online at theLotter.

Dozens of players have come within one number of winning either jackpot in that time, but no one has been able to win it all.

Lottery lovers say somebody has to win eventually and it might as well be them.

When the Powerball jackpot hit $1.5 billion on January 16, 2016, New Yorkers were spending $5 million an hour in lottery tickets on the final day. That's nearly $4 billion dollars in prize money.

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The game, redesigned last fall, now offers more jackpots and small prizes. This marked the 15th consecutive year over a billion dollars has been transferred to public education.

Combined Mega Millions, Powerball jackpots reach $1 BILLION