Lottery players have a chance to potentially win big this week with both the Powerball and Mega Millions jackpots reaching massive amounts. The Powerball jackpot is set at $800 million for Monday night’s drawing, while the Mega Millions jackpot tops $1 billion for Tuesday’s drawing. The Powerball jackpot was last won on January 1, with an estimated prize of $842.4 million. If the prize is won on Monday, it would be the sixth-largest in the game’s history, with the winner having the choice of annual payments or a lump sum payment before taxes.
The Powerball drawing will take place at 10:59 p.m. ET on Monday night, marking the 35th consecutive drawing without a grand prize winner. The odds of winning any prize are 1 in 24.9, while the odds of winning the jackpot are 1 in 292.2 million. If players are not lucky during Monday’s Powerball drawing, they can try again with the Mega Millions drawing on Tuesday, where $1.1 billion will be up for grabs. The Mega Millions jackpot reached over a billion dollars after no grand prize winners in the previous drawing.
If the jackpot is won on Tuesday, it would become the fifth largest prize in Mega Millions history. The drawing is set for 11 p.m. ET, giving players another chance to win big. Both lotteries have been generating excitement as the jackpots continue to climb to record-breaking amounts, enticing players to try their luck. With a chance to win life-changing amounts of money, many people are eager to participate in the upcoming drawings and possibly become the next big lottery winner. Whether players choose to take the lump sum payment or receive annual payouts, the potential winnings are enough to make their dreams come true.
