Powerball, Mega Millions Jackpots Combine To An Estimated $2.22 Billion

A newstand billboard advertising tickets for the lottery

That means that Tuesday's Mega Millions and Wednesday's Powerball jackpots combined are roughly $2.22 billion.

A Spanish lottery called El Gordo typically generates a larger purse than Mega Millions or Powerball, but that money is split between many different winners and no single prize in El Gordo approaches the size of the latest Mega Millions jackpot, Elkin said.

The Mega Millions lottery in the U.S. may see a streak of jackpot rollovers end as it heads towards a record $US1.6 billion ($2.2 billion). That's right. Mega Millions "entered historic territory" Saturday after officials confirmed there were no winners for Friday's drawing. If there is a victor, they will get the 13th largest payout in history.

Powerball has climbed since there was a victor in NY on August 11. The changes made it less likely that any given ticket will win the top prize, but they increased chances of winning smaller prizes.

The odds of winning the Powerball jackpot are 1 in 292 million.

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Then on Saturday, no winners were selected in the Powerball drawing.

Each Powerball or Mega Millions ticket is $2. Players get five numbers from 1 to 70 and one Mega number between 1 and 25.

There were a number of runner-up prizes. If a player hits all six numbers to win the jackpot, they can opt for an immediate cash payment of £692 million ($90m) or receive the £1.26 billion ($1.6bn) prize over 29 years. Again, the computer can do this for you if you don't want to choose your own numbers. Fifteen tickets matched five numbers for second-tier prizes of at least $1 million.

The $2 million victor has not yet claimed their prize.

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