The Lottery games are starting to add up. This weekend's prize amounts total a combined $300 million. If you were planning on buying Mega Millions and/or Powerball tickets, now is the time. Maybe you could be the big winner of this Friday or Saturday's drawings.
The Mega Millions jackpot amount for Friday, November 15, has reached nearly $150 million. The cash value option is estimated for $80 million.
Mega Millions jackpot amounts are quickly increasing, because of a new set of rules that began last month. There has not been a grand prize winner since the rule change on October 22. However, many winners are claiming smaller prize amounts. The new rules are meant to increase both prize totals and odds of winning.
The Powerball jackpot for Saturday, November 16, has reached an impressive total of $130 million, with a cash prize estimated at $73.5 million.
The official Powerball website explains the games rules:
"Players win by matching one of the 9 Ways to Win. The jackpot (won by matching all five white balls in any order and the red Powerball) is either an annuitized prize paid out over 29 years (30 payments) or a lump sum payment. Each ticket costs $2. If the winner chooses the annuity, the annual payment will be increased each year by the percentage set out in the Powerball game rules.
"The second prize (won by matching five white balls in any order) is $1,000,000 paid in cash and any time you match the red Powerball, you win. The overall odds of winning a prize in the game are approximately 1 in 32."
Remember, both games are meant for entertainment purposes only, as the Powerball website reminds players:
"Lottery games are just that--games. Lottery games are designed to be enjoyable entertainment for adults, and for the vast majority of lottery players, that's exactly what they are. Multi-State Lottery members sell lottery tickets for the benefits of their citizens, raising millions of dollars for worthy causes and projects.
"The Multi-State Lottery Association encourages all lottery players to be responsible in their amount of play. Never spend more than you can afford on any lottery product. Please remember, it's just a game."
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