Powerball and Mega Millions Over $300 Million

29 December, 2017, 02:05 | Author: Jason Torres
  • 'New Year's Eve' Powerball rolls over to $384 million; Mega Millions at $306 million, too

As a result, the Powerball jackpot is now an estimated $384-million for Saturday's drawing. Its next drawing is Friday night.

In October, Mega Millions changed the numbers that players could choose from, bringing the odds of picking all six numbers to 1 in 302.6 million, from 1 in 258.9 million under the old format.

Meanwhile, the Mega Millions jackpot raised itself to $306 million.

The cost of a Powerball ticket is $2. And so far it has worked. With slightly better odds than the Powerball game, it's rare that months pass without someone winning a Mega Millions jackpot. California resident Jeff Lindsay claimed the winning Powerball ticket June 10 and received an annuity of $447.8 million. To win the jackpot, a player must match each of the six winning numbers in an illustration.

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The chance of winning both games is one in 88 quadrillion. It's those mega jackpots that incite individuals who typically wouldn't purchase a ticket to toss down $2 (or more) for an opportunity to win.

The move was similar to one made by Powerball in October 2015. The last time both were above $300 million at the same time, sellers reported people snapping up tickets to both Mega Millions and Powerball. In this photo, a customer buys Powerball tickets at Kavanagh Liquor in San Lorenzo, California, Jan. 13, 2016.

"Once things calm down, we plan on working closely with our team of advisors to determine how to properly manage and invest this newfound wealth to ensure that we can support our family and causes that are important to us for many generations to come", they added.

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