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Mega Millions and Powerball Jackpots Continue to Grow

06 January 2018, 02:44 | Myrtle Vega

Mega Millions and Powerball Jackpots Continue to Grow

Three winning Powerball tickets were sold in Louisiana for Wednesday night's drawing the Louisiana Lottery Corp. said Thursday

The Powerball jackpot also surged, sitting at $550 million, with a $348 million cash option, after no victor Wednesday. Most winners opt for cash options, which would be $281 million for Mega Millions and $358.5 million for Powerball.

The jackpot jumps to an estimated $550 million for Saturday's drawing.

Instead of opting for the publicised jackpot figure, which is paid out over an annuity paid over 29 years, most lottery winners choose to take a lump sum payment. That's the good news for players. The drawing takes place at 9:59 p.m. Friday night.

Two Utahns won $1 million each playing Powerball at KJ's in 2017.

Together they constitute the third-largest ever jackpot combined total. "If you don't play, you don't win".

A customer pickets up a lottery ticket in Palo Alto, Calif., in 2012. There were five tickets worth $1 million each sold in Florida, California, North Carolina, New York and OR, and another ticket in Florida is worth $2 million. Now, with the increased amount of numbers to pick from, I feel-and realistically so-that my chances are greatly diminished. Puerto Rico also participates in Powerball.

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"Well, I got a big family, so I would pay off lots of bills, give some to my church, my community and spend the rest on me", Hurtado said with a chuckle.

"We drove all the way here to win the big jackpot", Hurtado said.

You could set up all your children and grandchildren for life, but then they would never learn the value of work and probably become weirdos.

Both jackpots have been rolling since October. That drawing will be Saturday night. On Wednesday, no one won the Powerball jackpot worth an estimated $460 million. Powerball has odds of one in 292.2 million. We don't always hit the jackpot, but we did once in Arkansas. Interest is strong in the current games.

"People don't even realize there are secondary prizes", said Jacobson.



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