Powerball's $620 million jackpot hopes to tempt Mega Millions losers

It's not $1.6 billion but it's still the sixth largest jackpot ever.

Posted: Oct. 24, 2018 7:38 PM

DES MOINES, Iowa (AP) — Never has the sixth-largest lottery jackpot in U.S. history seemed so small.

Wednesday night's $620 million Powerball jackpot looks sort of puny given all the attention lavished on the $1.537 billion Mega Millions jackpot won in South Carolina on Tuesday.

Only five lottery jackpots have been larger , but with two giant prizes in one week, it's hard not to compare.

The odds of winning the Powerball jackpot is 1 in 292.2 million. Despite the tough odds, they're actually a little better than the odds of winning the Mega Millions jackpot.

No one has won the Powerball jackpot since Aug. 11, when a man from Staten Island, New York, won $245.6 million.

Powerball's current estimated $620 million prize refers to the annuity option paid over 29 years. Most winners take the cash option, which would be $354.3 million.

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