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Mega Millions grows to $750 million, Powerball stands at $550 million

It’s only the second time both of the national lottery games have topped $500 million.

Blank forms for the Mega Millions lottery sit in a bin at a local grocery store, Tuesday, Jan. 12, 2021, in Des Moines, Iowa. Lottery players have a chance to win the largest jackpots in nearly two years as Tuesday's Mega Millions has grown to an estimated $625 million and Wednesday's Powerball to an estimated $550 million. AP Photo/Charlie Neibergall

DES MOINES, Iowa (AP) — Another night, another chance to win a giant lottery jackpot.

On Wednesday night, it will be a $550 million Powerball prize. It will come only a day after no one won a $625 million Mega Millions jackpot, causing that prize to grow to $750 million ahead the next drawing on Friday night.

The Mega Millions prize is now the fifth-largest in U.S. history.

It’s only the second time both of the national lottery games have topped $500 million.

The prizes have grown so massive because it has been months since anyone has matched all six numbers and won either jackpot. The odds of winning it all are incredibly small, at one in 292.2 million for Powerball and one in 302.5 million for Mega Millions.

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The jackpots listed by the lotteries are for winners who opt to be paid through an annuity over 30 years. Nearly all winners take the cash option, which for Powerball would be an estimated $411.4 million and for Mega Millions would be $550.6 million.

Mega Millions and Powerball are both played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands. Powerball also is offered in Puerto Rico.

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