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More than $1.3 billion up for grabs through Mega Millions, Powerball

Mega Millions
Posted at 3:09 PM, Jan 15, 2021
and last updated 2021-01-15 16:11:46-05

AUSTIN, TX — Be sure to buy your lottery tickets! There's more than $1.3 billion up for grabs through Friday's Mega Millions® and Saturday's Powerball®.

This is the first time since October 2018, and second time in history, that both games are advertising jackpot prizes of more than $600 million simultaneously.

Friday's Mega Millions jackpot is an estimated annuitized $750 million. It's the fifth largest jackpot in U.S. history and second highest in game history.

Saturday's Powerball jackpot is currently an estimated annuitized $640 million. It's the ninth largest jackpot prize in U.S. lottery history and fifth highest in game history.

Both growing jackpots are the result of 34 draws without a winner.

"It’s an exciting time for our multijurisdictional jackpot games, as both the Mega Millions and Powerball jackpot prizes are now among the 10 largest in U.S. lottery history,” said Gary Grief, executive director of the Texas Lottery. "Sales for both of these games continue to come in at a steady pace, which is helping us accomplish our goal of generating revenue for public education in Texas. While we are keeping our fingers crossed that at least one of these dueling jackpots will be won by a Texas Lottery player, we want to remind our players to play responsibly. It only takes one ticket to win.”

The Mega Millions jackpot offers an estimated cash value of $550.6 million. The most recent winner was when a Leander resident won an estimated annuitized $227 million prize in September 2019. The winner chose the cash value option and received $157,091,592 before taxes, the largest prize ever paid out to a single Texas Lottery player.

The Powerball jackpot offers an estimated cash value of $478.7 million.