Mega Millions And Powerball Jackpots Together Top A Billion Dollars

For the second time ever, both the Mega Millions and Powerball lotteries are offering extremely high jackpots at the same time.

Lottery jackpots totaling more than a billion dollars are on the line the next two nights. The estimated jackpot for tonight's Mega Millions drawing is 615-million dollars, with a cash option of more than 450-million. Wednesday night's Powerball jackpot is estimated at 550-million dollars with a cash payout of more than 410-million.

By the way, experts say the cash option is best since taxes can go higher in your lifetime of collecting the annuity. The odds of winning the Powerball jackpot are one in 292.2 million, and the chances for Mega Millions at one in 302.5 million.

Source: Associated Press