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Powerball jackpot soars to $550 million, 9th largest top prize in game history

With no winner after Saturday's Powerball jackpot drawing, and no one yet claiming the Mega Millions jackpot after Friday night's drawing, both prizes have soared.

WASHINGTON — UPDATE Sunday Jan. 10: There was no winner for the Powerball jackpot drawing on Saturday. The next estimated Powerball jackpot is $550 million, and the next estimated Mega Millions jackpot is $600 million.

 

The Powerball and Mega Millions jackpots are both continuing to dazzle 2021 as they rise to astronomical numbers, with some historically large paydays now up for grabs. 

It was only the third time in history, when the Powerball and Mega Millions jackpots topped $400 million at the same time, a feat not reached since Oct. 2018. But, now after Saturday's Powerball drawing has still not turned up a winner, and the same for Friday's Mega Millions drawing, the Powerball jackpot is now at $550 million, that's potentially the 9th largest top prize in the game's history.

With the Mega Millions jackpot now at $600 million, this is just the fourth time in the game's history that the jackpot has reached that milestone. 

While the rush of pooling together with friends and co-workers to play, or going out for tickets on your own is fun, the odds of winning are actually not in your favor. 

The odds of winning the Powerball grand prize are 1-in-292,201,338. That sounds rough, but consider this: the odds of filling out a perfect March Madness bracket are 1-in-9.2 quintillion (if you flip a coin on every game).

The odds of winning the Mega Millions grand prize are 1 in 302,575,350. 

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So overall, you have pretty low odds of winning either jackpot. In fact, here are three things that are much more likely to happen compared to the slim chances of winning the lottery. 

  1. According to CDC numbers, you are about 30,000 times more likely to get injured in your bathroom, a 1 in 10 thousand chance, compared to winning the Mega Millions jackpot.
  2. National Weather Service Data shows you're about 250 times more likely to be struck by lightning this year with odds of 1 in 1,171,000.
  3. A "Jaws" scenario, or death by shark attack, is 80 times more likely according to the Florida Shark Museum with odds of about 1 in 3,748,067.

As you can see, it's fairly unlikely that any of those things will happen to you, but it's massively more unlikely that you can win one or both of the jackpots.

Credit: AP
FILE - In this Tuesday, Oct. 23, 2018 file photo, lottery forms for Louisiana Mega Millions, Powerball and other lottery games fill the drawer at The World Bar and Grill, in Delta, La. (AP Photo/Rogelio V. Solis, File)