We have good news and bad news for anyone hoping to bring home millions in the lottery games this week. The good news is that Tuesday’s Mega Millions drawing has reached a grand total of $165 million. The bad news is that someone else has already claimed the bulk of the Powerball drawing. Saturday’s $130 million drawing was claimed, and the new jackpot has been reduced to a mere $40 million.
The Mega Millions jackpot amount for Tuesday, November 19, has reached an impressive $165 million. The cash value option is estimated for $89 million.
Mega Millions prize amounts are rapidly increasing, thanks to a new set of rules that began last month. There has yet to be 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.
Saturday’s Powerball jackpot has been won. The winning ticket was sold in New York, but has still not been claimed. Wednesday's drawing amount is now $40 million, with an estimated cash value of $22.2 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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