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Wednesday, March 3, 2021

$640 million Powerball drawing up next as big jackpots grow

DES MOINES, Iowa (AP) – Lottery players’ second chance to win big – really big – this weekend comes with Saturday’s drawing for a $640 million Powerball top prize, the eighth-largest jackpot ever.

The odds of winning are one in 292.2 million.

No one beat the odds for Friday’s $750 Mega Millions top prize. What had marked fifth-largest-ever jackpot is now estimated to grow to $850 million, which would be the third-largest of all time. The next Mega Millions drawing is Tuesday.

It had been nearly two years since a lottery jackpot has grown so large. No one has won either game’s top prize in months.

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The listed jackpot amounts refer to winners who opt for an annuity, paid over 30 years. Winners nearly always choose cash prizes, which for Powerball would be $478.7 million. The estimated cash prize for the next Mega Millions jackpot is $628.2 million.

Mega Millions and Powerball are both played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands. Powerball also is offered in Puerto Rico.

Copyright © 2021 The Washington Times, LLC.

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