Nearly $2 billion up for grabs as Mega Millions and Powerball jackpots soar

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Nearly $2 billion up for grabs as Mega Millions and Powerball jackpots soar
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Lottery players have two opportunities to potentially strike it rich this week as the Powerball jackpot climbs to a colossal $800 million for Monday night's drawing and Tuesday's Mega Millions jackpot tops $1 billion.

Lottery players have two opportunities to potentially strike it rich this week as the Powerball jackpot climbs to a colossal $800 million for Monday night's drawing and Tuesday's Mega Millions jackpot tops $1 billion.

If the prize is won Monday it would be the sixth-largest in the game's history. A winner would have the option of receiving an estimated $800 million in annual payments or a lump sum payment of $384.8 million - both before taxes, according to Powerball.There have been 35 consecutive Powerball drawings with no grand prize winner. The odds of winning any prize are 1 in 24.9, but the odds of snagging the jackpot are 1 in 292.2 million, according to the lottery.

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