Mega Millions & Powerball Jackpots Combined Are Pushing $1 Billion

The jackpots in Mega Millions® and Powerball® continue their way up and are both now in the Top 10 for each game. The two giant jackpots combined are pushing $1 billion, with the Mega Millions prize amount raised earlier today.

The estimated Mega Millions jackpot for that game’s next drawing tomorrow night now stands at an estimated $520 million annuity, $383.4 million lump-sum option. That’s the 8^th-largest jackpot in the history of the game.

Powerball is nearly as big. Its next drawing is Saturday night, and the jackpot currently stands at an estimated $470 million annuity, $362.7 million lump-sum option. That makes it the 10^th largest jackpot in the history of the game.

Both jackpots have been growing for nearly an identical length of time. Powerball was last won in its drawing on Sept. 15, while Mega Millions was last won on Sept. 16. And now that the prizes are really getting up there, sales are picking up across the country.

This is only the third time that the two jackpots have topped $450 million at the same time.

But like so much else these days, the jackpots have been impacted by the COVID-19 emergency. The jackpots are primarily sales driven, and for months now, folks in wide swaths of the country haven’t been able to run errands or buy everyday items (including lotto tickets) like they normally might in a non-pandemic time. That’s kept the jackpots in both games tamped down. And when the jackpots are lower, sales overall in the games are lower. It can become a bit of a repeating cycle.

So, it’s interesting that both jackpots are on a roll right now, and they’re really close in amount. Hopefully this can be something lighthearted to help give everyone a break to just daydream for awhile. And as we’ve said so many times through the years, remember to play responsibly. It only takes one ticket for a chance to win.

Remember that the deadline in Iowa to buy tickets for the Mega Millions and Powerball drawings is at 8:59 p.m. the night of the drawing. If you buy a ticket after that deadline, it will be for an upcoming drawing and you won’t be in the running for that night’s giant prize.