Powerball, Mega Millions have $783M up for grabs to start new year

9th largest Powerball jackpot up for grabs

Powerball, Mega Millions have $783M up for grabs to start new year

The next Mega Millions drawing is Tuesday night, meaning some lucky player may see their 2018 off to an incredible start.

And Americans do love buying lottery tickets. The jackpot will continue to grow and now has a $278.3 million cash value. Nobody won Saturday's drawing but 2.2 million people won almost $19 million in non-jackpot prizes.

The odds of a $2 ticket hitting the jackpot are more than 292 million to 1.

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As of Tuesday morning, the Mega Millions jackpot is $343 million.

Classic Lotto draws at 7:05 p.m. on Mondays, Wednesdays and Saturdays. The record Mega Millions jackpot is $656 million - three tickets shared that jackpot on March 30, 2012.

Meanwhile, Wednesday night's Powerball jackpot is up to $440 million.

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Indeed, Business Insider looked at the similarly large jackpots before last weekend's drawings and concluded that, even though the headline prizes are getting pretty big, the math suggests buying a ticket is not a winning bet. No ticket won all six numbers in Friday night's drawing.

The jackpot has been rolling since it was last won at $42 million on October 13; that prize was shared by winners in MI and Rhode Island.

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