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Mega Millions, Powerball jackpots swell to $800M

03 January 2018

If you play the lottery then 2018 could be your lucky year.

And Americans do love buying lottery tickets. Both the Mega Millions and Powerball jackpots now are in the top 25 all-time U.S. lottery jackpot list - both for the annuity value and the cash value.

The lump-sum options for the Mega Millions and Powerball jackpots are worth approximately $215.3 million and $278.3 million, respectively. That's the highest it's been since August, when one ticket for the $758.7 million jackpot was sold in Chicopee.

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Lottery players have a chance to win hundreds of millions of dollars with Tuesday night's Mega Millions drawing, and again in Wednesday's drawing for Powerball.

A combined $801 million will be up for grabs in Tuesday's Mega Millions and Wednesday's Powerball drawings, seen live on Channel 7 before Eyewitness News at 11.

Indeed, Business Insider looked at the similarly large jackpots before last weekend's drawings and concluded that, even though the headline prizes are getting pretty big, the math suggests buying a ticket is not a winning bet.

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"Having all three of these jackpots climbing at the same time has generated considerable excitement and we encourage people to keep the experience of playing these games fun by playing responsibly", Michael Sweeney, executive director of the Massachusetts State Lottery, said in a statement.

The drawing is at 10 p.m. today.

The winning numbers for the Mega Millions game are drawn from a field of 1 to 75.

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There was also no victor in Saturday night's Powerball drawing, which puts Wednesday night's jackpot at about $440 million.

Mega Millions, Powerball jackpots swell to $800M