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Powerball and Mega Millions Jackpots Soar to Combined $1.52 Billion

With no recent winners, the Powerball jackpot reaches $645 million and Mega Millions grows to $875 million, marking significant increases in potential winnings.

Mega Millions playslips are seen on a counter at a convenience store Tuesday, Jan. 3, 2023, in Northbrook, Ill.
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Overview

  • The Powerball jackpot has surged to an estimated $645 million after no winning tickets were sold in the latest drawing.
  • Mega Millions jackpot has grown to an estimated $875 million, ranking as the sixth-largest in the game's history.
  • The odds of winning the Powerball jackpot are about 1 in 292.2 million, while the odds for Mega Millions are roughly 1 in 302.6 million.
  • Experts recommend winners to quickly assemble a team including an attorney, a tax advisor, and a financial advisor.
  • Tickets for both Powerball and Mega Millions cost $2 each, with drawings held multiple times a week.