Mega Millions, Powerball jackpots now total $749 million

While no one has won the Powerball and Mega Millions jackpots, a lucky ticket holder in the Heights struck it rich.

The Powerball prize ticked up to $356 million after no one matched all five numbers and the Powerball number in a drawing Wednesday night. Two other jackpots were awarded earlier in the year. The cash option for that jackpot rings up at $238.3 million.

It has been seven years since every state lottery in the US began selling Powerball and Mega Millions tickets, but both games have never offered payouts of this size at the same time.

What are your odds of winning both?

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A record $1.586 billion Powerball jackpot was shared by winning ticket-holders in Florida, California and Tennessee in January 2016.

The combined jackpots for this week's Mega Millions and Powerball drawings stands at a combined annuity value of $738 million, according to Pennsylvania Lottery officials. To calculate the odds of winning both jackpots, multiply 258.9 million by 292.2 million which Lottery officials say computes to about one in 75 quadrillion (or about 75,000,000,000,000,000).

The prizes are based on winners taking an annuity with the prize money being paid out over 29 years.

(Copyright © 2015. All Rights Reserved.)
 
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