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Valles Caldera

Dueling Mega Millions, Powerball Jackpots Now Total $999 Million

10/15/2018

Tuesday’s Mega Millions jackpot is $654 million, while Wednesday’s Powerball jackpot has rolled to $345 million

BALTIMORE – Autumn has arrived, but Mega Millions and Powerball jackpots that have been rising since the sweltering heat of mid-summer haven’t cooled down. The two games have reached a combined jackpot total of $999 million.

The estimated annuity value of the jackpot in Tuesday’s Mega Millions drawing is $654 million, the second-largest in the game’s history and fourth-largest in U.S. lottery jackpot history. It’s just $2 million shy of the all-time record Mega Millions jackpot. The estimated cash value is $372 million.

“There’s nothing quite like the excitement of dueling jackpots,” said Gordon Medenica, Mega Millions Lead Director and Maryland Lottery and Gaming Director. “Lotteries are in the fun and games business, and who wouldn’t have fun thinking about nearly a billion dollars in prizes? We love jackpot rolls, but we’re also eager to find out who’s going to win this historic Mega Millions jackpot.”

Meanwhile, the Powerball jackpot for Wednesday has rolled to an estimated annuity of $345 million. The estimated cash value is $199 million. (Estimated jackpot amounts are before taxes).

“These are jackpots that inspire players' dreams: What would they do, whom would they tell, and how would they live if they won a huge jackpot? And dreams come true for all the state beneficiaries who receive proceeds from these great games,” said David Barden, Powerball Product Group Chairman, and New Mexico Lottery CEO. “As the excitement continues to grow, remember to always play responsibly.”

The current Mega Millions jackpot has been increasing since a group of 11 co-workers in Santa Clara County, Calif., shared a $543 million prize in the July 24 drawing. The current Powerball jackpot has been on the rise since a Staten Island, N.Y., man won a $245.6 million jackpot in the Aug. 11 drawing.

The largest Powerball jackpot was $1.586 billion, which was shared by winners in California, Florida and Tennessee in January 2016.

The largest jackpot in Mega Millions history was a $656 million prize that was shared by winners from Kansas, Illinois and Maryland in March 2012.

Powerball drawings are held Wednesdays and Saturdays at 10:59 p.m. ET. Mega Millions drawings are held Tuesdays and Fridays at 11 p.m. ET.

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