The Mega Millions jackpot now sits at $450 million and the Powerball jackpot has swelled to $570 million. Most winners opt for cash options, which would be $281 million for Mega Millions and $358.5 million for Powerball.
Jackpot for the Friday night drawing has grown even bigger since nobody had the winning numbers in its Tuesday drawing. She says higher jackpots mean more ticket sales. Numbers will be drawn Saturday night for the seventh-largest jackpot in US history - $570 million before taxes. The cash option for Saturday's jackpot is about $359 million.
This was the fourth largest jackpot in the 15-year history of Mega Millions.
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The next Mega Millions drawing will be held on January 9 with an estimated $40 million jackpot. On Aug. 15, 2012, Donald Lawson, of Lapeer, won a $337 million Powerball jackpot.
Players have plenty of time to purchase tickets for both drawings. One Virginia ticket is worth $1 million, lottery officials announced Saturday morning. The Powerball numbers will be drawn at 10:59 p.m. ET.
The victor has 180 days from the date of the drawing to claim the prize and only 60 days to claim the prize as a lump sum of $281.2 million. "It's a insane time when the jackpots get this high", she said.