TAMPA, Fla. — The jackpots for the Powerball and Mega Millions continue to rise, reaching a combined total of over $1.3 billion.
The Powerball jackpot increased to an estimated $750 million ahead of Wednesday’s drawing. On Tuesday, the Mega Millions jackpot rose to an estimated $560 million ahead of Friday’s drawing.
Jackpot winners can receive their winnings in 30 annual installments or as a one-time, lump-sum cash option of approximately $378.8 million for Powerball and $281.1 million for Mega Millions. In addition to the jackpot prize, players can win lower-tier prizes of up to $2 million with Powerball and up to $5 million with Mega Millions.
The overall odds of winning a Powerball prize are approximately 1-in-24.9. For Mega Millions, the odds are 1-in-24.
Drawings for both jackpots are available for viewing on ABC Action News 11 p.m. broadcast and our website under the "Florida Lottery" section.
