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Powerball, Mega Millions Both Top $300 Million Simultaneously For First Time

DES MOINES, Iowa (AP) — For the first time, U.S. lottery players will have a choice of games offering jackpots topping $300 million.

In the seven years since all U.S. lotteries began selling both Powerball and Mega Millions tickets, both games have never offered prizes so large at the same time.

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The jackpot for Tuesday night’s Mega Millions drawing is an estimated $350 million, and the top prize for Wednesday night’s Powerball drawing is $307 million. Those prizes are based on annuity options, paid over 29 years. Cash prizes would be an estimated $218.3 million for Mega Millions and $193.2 million for Powerball.

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Of course, even with more options for giant payouts, the odds of winning a jackpot remain abysmal at one in 258.9 million for Mega Millions and one in 292.2 million for Powerball.

(Copyright 2017 by The Associated Press. All Rights Reserved.)

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