Mega Millions, Powerball Jackpots Combined Reach $1 Billion

San Anselmo California. The Powerball jackpot and Mega Millions jackpots are both over $400 million at the same time for the first time. The Mega Millions $418 million jackpo

The next Powerball drawing will be held Wednesday at 10:59 p.m. ET and tickets also must be purchased by 10:00 p.m. that day to be eligible.

The record lottery jackpot remains a $1.6 billion Powerball prize won in January 2016.

One "Match 5" victor was reported in Arkansas, according to the site.

The $667 million jackpot refers to the annuity option, paid out over 29 years.

The last Mega Millions win occurred on July 24 when a group of 11 co-workers in California split a $543 million prize.

If there is no jackpot victor in Tuesday's Mega Millions drawing, the estimated annuity value for the Friday, Oct. 19 drawing will roll to $868 million, with an estimated cash value of $495 million.

Tuesday night's Mega Millions jackpot has reached $654 million with a cash option of about $372 million.

Mega Millions is not the only game in town.

The odds of winning Tuesday's drawing is more than 302 million to one. The $345 million jackpot is the game's largest since the March 17 drawing, when a $456.7 million jackpot was won on a ticket sold in Pennsylvania.

Lottery officials say the jackpot is the third-largest grand prize in USA history.

The winning numbers for the Oct drawing were 27-28-32-41-69 and Mega Ball 12. "Jackpot fever is definitely sweeping the country!"

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