DES MOINES, Iowa (AP) — Another day, another giant lottery jackpot.Next up is an estimated $1.12 billion Mega Millions prize on Tuesday night, enticing players
by Associated PressAn electronic billboard advertises the Mega Millions and Powerball jackpots, Monday, March 25, 2024, in in Des Moines, Iowa, that when combined amount to nearly $2 billion. It's the first time the two lottery games each have jackpots of $800 million or more. Next up is an estimated $1.12 billion Mega Millions prize on Tuesday night, enticing players who hope to win the eighth-largest prize in U.S. lottery history even though no one has won the jackpot since Dec. 8, 2023.
Miss out on that drawing? No problem. There will be a drawing Wednesday night for an estimated $865 million Powerball jackpot. No one has won that prize either since New Year's Day, making for 36 drawings without a winner. For both games, the long drought of jackpots is no accident. The games have long odds specifically to create large jackpots that will generate lots of interest and sales.The $1.12 billion Mega Millions prize is for a sole winner who chooses to be paid through an annuity over 30 years. A winner who opts for a cash payout would get $537.5 million.Mega Millions is played in 45 states plus Washington, D.C., and the U.S. Virgin Islands.
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