Skip to main content
Tags: powerball | mega millions | 1 billion | jackpots

Mega Millions, Powerball Tip $1 Billion in Combined Jackpots

Mega Millions, Powerball Tip $1 Billion in Combined Jackpots

Powerball and Mega Millions lottery tickets are displayed on Jan. 3, 2018 in San Anselmo, California. The Powerball and Mega Millions jackpots were both over $400 million at the same time for the first time. (Justin Sullivan/Getty Images)

By    |   Friday, 05 January 2018 05:25 PM EST

More than $1 billion in lottery jackpots are up for grabs this weekend as Mega Millions and Powerball have both gone without a winner since late October.

Friday’s Mega Millions drawing will have a top prize of $450 million and Powerball’s Saturday jackpot is $570 million, 6ABC reported. The last MegaMillions jackpot winner was Oct. 13, 2017, while the Powerball jackpot has not been won since Oct. 25.

Last January, a record $1.586 billion was won in the Powerball contest, while the record winnings for Mega Millions occurred in 2012 when three winners shared a $656 million jackpot, 6ABC reported.

The current Powerball jackpot is the eighth largest, while the Mega Millions jackpot is the 12th largest, 6ABC reported.

Powerball is drawn at 10:59 p.m. EST on Wednesdays and Saturdays, while Mega Millions drawings happen at 11 p.m. EST on Tuesdays and Fridays.

Winners taking the cash option for Powerball would get $358.5 million before taxes, according to lottery's website, while the cash option for MegaMillions would be about $173 million pre-tax, according to Business Insider

Because of the recently passed tax reform plan, federal taxes on winnings will be several million dollars less than they would have been a few days ago, The Indianapolis Star reported.

According to ABC7, the odds of winning both jackpots are 1 in 88 quadrillion.

Twitter users alternated between dreaming of a win and bemoaning their poor luck.

© 2026 Newsmax. All rights reserved.


TheWire
More than $1 billion in lottery winnings are at stake this weekend as Mega Millions and Powerball jackpots have both gone without a winner since late October.
powerball, mega millions, 1 billion, jackpots
291
2018-25-05
Friday, 05 January 2018 05:25 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved