The stars have aligned in the lottery universe like never before, with two jackpots totaling nearly $2 billion. With an estimated $1.1 billion Mega
With an estimated $1.1 billion Mega Millions prize and an estimated $800 million Powerball jackpot, it’s the first time the two nearly national lottery games have each grown so large at the same time.
The Mega Millions prize ranks as the 10th largest in U.S. lottery history and is about half the size of the largest jackpot, a $2.04 billion Powerball prize won in November 2022. For Mega Millions, the odds of matching all six numbers are 1 in 302.6 million. Powerball has slightly better odds of 1 in 292.2 million.
That’s because the state lotteries that run the games promote the total payoff if the prize is paid through an annuity over 30 years. That figure is now roughly double the cash prize, which nearly all winners choose because they want to invest the money themselves rather than opt for a defined payout.
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