Personal Finance

There's a combined $1 billion in Powerball, Mega Millions jackpots. Here are your odds of winning

Key Points
  • For the $654 million Mega Million jackpot, your chance of winning is 1 in 302.6 million. For Powerball's $345 million top prize, it's 1 in 292 million.
  • The chance of winning both is 1 in 88 quadrillion (that's 15 zeros).
This is what you do if you win the lottery
VIDEO1:1801:18
This is what you do if you win the lottery

Between the nation's two largest lotteries, there's nearly $1 billion in jackpot money up for grabs. The odds of hitting all winning numbers in either game? Pretty bad.

For the $654 million Mega Million jackpot — which marks the game's second-largest top prize ever — your chance of winning is 1 in 302.6 million. For Powerball's $345 million top prize, it's 1 in 292 million.

The chance of winning both is at least 1 in 88 quadrillion. That's 88 followed by 15 zeros.

Top lottery jackpots

1$1.586 billionJan. 13, 2016PowerballCA, FL, TN
2$758.7 million Aug. 23, 2017 Powerball MA
3$656 million Mar. 30, 2012 Mega Millions KS, IL, MD
4$654 million????Mega Millions????
5$648 million Dec. 17, 2013 Mega Millions CA, GA
6$590.5 million May 18, 2013Powerball FL
7$587.5 million Nov. 28, 2012 Powerball AZ, MO
8$564.1 million Feb. 11, 2015 Powerball NC, PR, TX
9$559.7 million Jan. 6, 2018 Powerball NH
10$543 millionJuly 24, 2018Mega Millions CA

Source: Source: Powerball

In comparison, your chance of being struck by lightning in your lifetime is 1 in 14,600, according to the National Weather Service.

If no one hits the Mega Millions jackpot, the prize likely would jump past the game's existing record of $656 million in March 2012. In that instance, the amount was split three ways.

Meanwhile, two past Powerball jackpots were even bigger: nearly $1.6 billion in January 2016 and $758.7 million in August 2017.

The next drawings are Tuesday night for Mega Millions and Wednesday night for Powerball.

More from Personal Finance:
How to retire early – very early
Here are the best and worst states for taxes
If any of these habits seem familiar, now's the time to change