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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 it will be a Powerball prize of $ 550 million. It will come just a day after no one has won a $ 625 million Mega Millions jackpot, which will take that prize to $ 750 million before the next draw on Friday night.
The Mega Millions Prize is now the fifth largest in US history.
This is only the second time the two national lottery games have surpassed $ 500 million.
The prizes have gotten so huge because it’s been months since no one has matched all six numbers and won a jackpot. The odds of winning it all are incredibly low, at one in 292.2 million for Powerball and one in 302.5 million for Mega Millions.
The jackpots listed by the lotteries are intended for winners who choose to be paid out via an annuity over 30 years. Almost all of the winners pick the cash option, which for Powerball would be estimated at $ 411.4 million and for Mega Millions at $ 550.6 million.
Mega Millions and Powerball are both played in 45 states as well as Washington, DC and the US Virgin Islands. Powerball is also offered in Puerto Rico.
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