The combined jackpots of the Powerball and Mega Millions lotteries stood at $863 million as their drawings approached on Friday and Saturday evening. This significant amount comes after several weeks without an individual claiming the top prize.
The estimated annual jackpot for Friday evening’s Mega Millions drawing stands at $395 million, with a cash option of $188.2 million.
The Powerball jackpot grew to an estimated $468 million after the latest drawing on Wednesday, with no one claiming the grand prize. Similar to Mega Millions, the annuity option for this jackpot offers annuity payments spread over thirty years.The lottery officials stated that its cash value stood at $220.3 million when awarded as a singular lump-sum payment.
In the recent Powerball draw, there was a single winner in California who matched 5 numbers, earning a $1 million prize. However, there were no winners who matched 5 numbers and a power play, making them each eligible for a potential prize of $2 million.
During this festive holiday season, some lucky individuals may experience a significant boost in their celebrations for Christmas or Hanukkah amid the ongoing challenge of high inflation across the country.
In mid-October, a lucky man in Southern California won a $1.765 billion jackpot by holding a ticket that perfectly matched the numbers drawn in the Powerball lottery. This significant win contributed to the ongoing trend of both Mega Millions and Powerball Grand Prizes surpassing the billion dollar milestone What are the winning numbers for Monday’s $295 million Powerball jackpot?
In August, one lucky person won Mega Millions’ staggering $1.602 billion jackpot, winning the grand prize in Florida in late September. The news of this impressive win significantly boosted the jackpots already in both the Powerball and Mega Millions lotteries, which combined total nearly $900 million, as reported in the original article titled “Powerball, Mega Millions combined jackpots near $900 million.”
