Dueling Jackpots Top $400 Million At Same Time To Start Off New Year!

Dueling Jackpots Top $400 Million At Same Time To Start Off New Year!

Dueling Jackpots
For the primary time ever, the jackpots in Powerball and Mega Millions have crowned the $400 million mark on the similar time. The Mega Millions jackpot is an estimated $445 million annuity ($277.6 million money possibility) for Friday, whilst Powerball’s giant prize is an estimated $550 million annuity ($347.nine million money possibility) for Saturday. Both jackpots now rank within the Top 15 general for document U.S. lottery prizes!

In August, each video games noticed jackpots that crowned the $300 million mark concurrently, however this time round each prizes have climbed even upper on the similar time. That speaks to the unpredictable issue of lottery jackpots: You simply by no means know when the following giant winner will hit!

We’re nonetheless at the look-out for a $1 million winner in central Iowa.

While the jackpots in each video games had been hiking since October, there were winners at different prize ranges around the nation, together with a $1 million winner in Iowa. Someone who purchased a Powerball price ticket in central Iowa gained a $1 million prize within the ultimate drawing of 2017. The $1 million-winning price ticket was once bought on the Kum & Go comfort retailer at 1200 N. Walnut St. in Colfax. It got here inside one collection of having no less than a percentage of Saturday’s $390.1 million Powerball jackpot, matching the primary 5 numbers however lacking the Powerball.

Kum & Go will obtain a $1,000 bonus from the lottery for promoting the $1 million-winning price ticket at one in all its shops.

Prizes of $1 million will have to be claimed at Iowa Lottery headquarters in Clive. If the winner or winners want data earlier than coming ahead to assert the prize, they’re invited to name the lottery at 515-725-7900.

Here’s a couple of historical information about those dueling jackpots: 

Powerball’s giant prize now ranks at No. eight general at the checklist of document U.S. lottery jackpots, whilst the Mega Millions jackpot is lately ranked No. 12.

And whilst the larger video games are a large run, the Lotto America jackpot is also actually getting up there. Lotto America is a smaller regional recreation performed through Iowa and 12 different lotteries. The jackpot in that recreation is at an estimated $17.58 million for Saturday’s drawing.

Some would possibly marvel, would it not be imaginable for one individual to win the jackpots in each Mega Millions and Powerball? The brief resolution is: Yes, however …

It takes lengthy odds to supply giant jackpots. The odds of profitable the jackpot in Mega Millions are about 1 in 302.6 million. The odds of profitable the jackpot in Powerball are about 1 in 292.2 million. (The odds are based totally upon the overall collection of mixtures to be had to play in each and every recreation.) To calculate the percentages of profitable each jackpots, you multiply 302.6 million through 292.2 million. The resolution comes to a large number of zeroes: about 1 in 88 quadrillion (that’s 88,000,000,000,000,000).

“Winning both jackpots is something fun to daydream about, but it’s probably the ultimate long shot,” Iowa Lottery CEO Terry Rich mentioned. “That’s why we emphasize responsible play. Have fun playing the lottery, but remember that it’s just for entertainment. There is no guarantee you will win.”

So what’s in the back of the those massive numbers? Prior to January 2010, Mega Millions and Powerball had been bought through separate teams of lotteries. U.S. lottery administrators reached an settlement again then that allowed each video games to be bought through all states. With extra states promoting a specific recreation, there’s a larger inhabitants base taking part in it, which produces upper gross sales general and is helping the jackpot climb upper.

The jackpots in each video games had been rising for a while now. The Mega Millions jackpot was once closing gained within the drawing on Oct. 13, cut up through two tickets bought in Michigan and Rhode Island. It’s been rising since that point to hit its present degree. Players should buy tickets in Iowa for the following Mega Millions drawing up till eight:59 p.m. Friday.

The Powerball jackpot was once closing gained on Oct. 25 with a price ticket bought in Louisiana. Players should buy tickets right here in Iowa for Saturday’s Powerball jackpot up till eight:59 p.m. that day.

It is right that each video games have noticed larger jackpots, however no longer on the similar time! Mega Millions and Powerball have each noticed jackpots a lot better than their present quantities, however no longer on the similar time. Powerball lately has the arena document lottery jackpot: a prize of just about $1.6 billion that was once cut up in January 2016 through 3 tickets in California, Florida and Tennessee. The biggest Mega Millions jackpot so far is a $656 million prize gained in March 2012 through 3 tickets in Illinois, Kansas and Maryland.

Here’s slightly evaluate and distinction for you:

Powerball jackpots get started at $40 million and develop till they’re gained. You make a selection 5 numbers from a pool of 69 and any other quantity – the Powerball – from a separate pool of 26. If you fit all six numbers, you win the jackpot, and there are also 8 different prize ranges you’ll win. Plays value $2 and drawings are at nine:59 p.m. on Wednesdays and Saturdays.

Mega Millions jackpots additionally get started at $40 million and develop till they’re gained. Players within the recreation make a selection 5 numbers from a pool of 70 and any other quantity – the Mega Ball – from a separate pool of 25 numbers. If you fit all six numbers, you win the jackpot, and there are 8 different prize ranges you’ll win. Tickets value $2 and drawings are at 10 p.m. on Tuesdays and Fridays.

Both video games have a multiplier characteristic that prices an additional $1 according to play and multiplies any non-jackpot prize gained. Jackpot winners in each video games can make a selection to obtain their prize in annuitized bills over the years or in a one-time, lump-sum fee.

Updated: January 4, 2018 — 10:13 pm

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