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Mega Millions And Powerball Combined Jackpots Reach $2.2 Billion After No Winners

Mega Millions And Powerball Combined Jackpots Reach $2.2 Billion After No Winners

Powerball has a jackpot of around $620 million and the Mega Millions winnings grew to $1.6 billion

Rebecca Shepherd

Rebecca Shepherd

This is not a drill, people. Put the lottery on - and do it now because the US Mega Millions jackpot grew to a ridiculous $1.6 billion (£1.2bn) after Friday's draw ended with no winner.

The next Mega Millions draw, which is a world record, will be on Tuesday - as in tomorrow, guys.

Gordon Medenica, lead director of the Mega Millions Group, said in a statement: "Mega Millions has already entered historic territory, but it's truly astounding to think that now the jackpot has reached an all-time world record."

You can say that again, Gordo.

And it isn't only Mega Millions upping the ante - Powerball is also giving it the big'un after its Saturday draw worth an estimated $470 million (£360m) had no winners.

The new jackpot has now hit an estimated $620m (£475m), which was announced on Sunday.

Powerball

The winner can also opt for a cash prize of more than $354m (£271m), from which the federal government will take 25% right away, and more later.

According to the MailOnline, the Mega Millions' odds were lowered a year ago to 1-in-303 million from 1-in-259 million, to generate larger prizes.

If a player hits all six numbers to win the jackpot, they can opt for an immediate cash payment of $904m or receive the $1.6bn prize over 29 years.

If you feel robbed having to take it over nearly 30 years just remember - that's $55.17m PER YEAR - $4.5m per month.

The current jackpot beats the previous record, a $1.586bn jackpot for a Powerball drawing in 2016.

I love my job, but if my numbers come up with week...

Featured Image Credit: PA

Topics: Entertainment, US News, US Entertainment, Lottery