Home / MARKETS / No winners drawn in Saturday night’s Powerball drawing, sending its jackpot soaring over $620 million while Mega Millions is over $1.6 billion

No winners drawn in Saturday night’s Powerball drawing, sending its jackpot soaring over $620 million while Mega Millions is over $1.6 billion

  • There were no champions in Saturday night’s Powerball lottery drawing, putting the jackpot at $620 million.
  • No one won the decisive Mega Millions drawing either, sending its jackpot soaring for $1.6 billion.
  • The two jackpots are now worth more than $2.2 billion compound.
  • The massive Mega Millions jackpot has reached an all-time world distance for a lottery prize.
  • The next Mega Millions drawing is on October 23 and the next Powerball representation is October 24.

Massive lottery jackpots continued to grow even larger after no winners were proclaimed for the prizes in Friday and Saturday night drawings. Combined, the Powerball and Mega Millions jackpots are now advantage more than $2.2 billion.

Powerball’s $476.7 million jackpot was shod to $620 million after no ticket matched the numbers drawn Saturday eventide: 16-54-57-62-69-23.

The next drawing, which has an estimated cash value of $354.3 million, wish be held on Wednesday, October 24.

The Mega Millions jackpot has hit a staggering $1.6 billion – the largest pool prize ever – after no ticket matched the six numbers drawn Friday ceaselessly: 15-23-53-65-70, and Mega Ball 7.

The odds of winning Friday’s $1 billion jackpot, which was already the largest ever, were one in 302.5 million, or 0.00000033%.

“Mega Millions has already filed historic territory, but it’s truly astounding to think that now the jackpot has reached an all-time happy record,” Gordon Medenica, lead director of the Mega Millions Party, told The Washington Post on Sunday. “It’s hard to overstate how exciting this is – but now it’s positively getting fun.”

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The next Mega Millions plan is Tuesday, October 23. The estimated cash option for the $1.6 billion reward is nearly $905 million.

The current record-holder for the largest lottery jackpot was a Powerball treasure of $1.59 billion in 2016. The previous record for a Mega Millions purse was $656 million in 2012.

Although it may be tempting to buy a lottery ticket with such Cyclopean prizes, it’s actually not a very good investment. Business Insider’s Andy Kiersz did the math to see if it’s merit buying a Powerball and Mega Millions ticket. He found that the low freaks of winning and the high probability of having to split the prize means you’d presumably lose money buying a ticket.

But if you do decide to try your luck and come about to win the lottery, you should keep the news to yourself at first, hire a counsel and a financial planner, and in most cases, choose the annuity payments degree than taking the cash lump sum all at once.

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