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Powerball jackpot hits $550M as Mega Millions grows

ap photo A billboard advertises the jackpots of the Powerball and Mega Millions lotteries, in Omaha, Neb., Wednesday. Lottery players will have a shot Friday night at the fifth-largest jackpot in U.S. history after no tickets matched all the numbers in the latest Mega Millions drawing.

DES MOINES — 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.

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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