The combined Powerball and Mega Millions jackpot is over $ 1 billion.
JACKSONVILLE, Florida Everyone dreams of winning the lottery at some point in their life. However, every now and then the jackpot gets so big that it becomes difficult to ignore it. That time is now.
On Wednesday, Powerball will draw for a jackpot worth over half a billion dollars, estimated at $ 550 million. Then on Friday, Mega Millions will draw for a pot worth around three-quarters of a billion, $ 750 million, the second-largest in Mega Millions history.
To put that in perspective, an all-new Ford Mustang GT will set you back around $ 37,315, according to Car and Driver. If you were to win the Powerball, you could buy around 14,739 Mustangs. You can give a Mustang to everyone living in St. Augustine, Florida and still have the cash.
However, if you hit the Mega Millions jackpot, you could buy around 20,099 Mustangs, which means everyone in Orange Park, Florida could get two Mustangs with some cash left over.
Just for fun, if you win both jackpots and get $ 1.3 billion, you could buy 34,838 Mustangs, or, if you’re more adventurous, you could the Streets of Monaco, a 500-foot yacht designed to look like its namesake, with a 3 – ground floor bedroom, mini waterfall, submarine, pools and helipad.
Of course, that’s not exactly $ 550 million or $ 750 million. You will get much less, depending on your state’s taxes and whether or not you take a lump sum. But that will still be enough money to buy you a lot of Mustang GTs, or a more humble yacht.
However, do not hope.
The odds of winning Powerball are 1 in 292,201,338. The odds of winning Mega Millions are 1 in 302,575,350. In case you’re curious, the odds of winning both are 1 in 88,412,922,115,818,300 . (That’s 88 quadrillion if you’re wondering.)
To put that in perspective, you’re more likely to win an Oscar or be elected president.
In fact, according to the CDC, the odds of being struck by lightning are 1 in 500,000. So you are more likely to be struck by lightning. During this time, according to NASA, you are more likely to be hit by a meteorite.
In fact, it’s harder to find things that you’re not more likely to do than winning the lottery.
Believe it or not, however, there are times when Powerball and Mega Millions have had individual jackpots even larger than the combined jackpot this week.
In fact, Powerball and Mega Millions had individual jackpots of over $ 1.5 billion. In 2016, three people in California, Tennessee and Florida shared the all-time Powerball jackpot of $ 1.586 billion. However, one person in South Carolina claimed $ 1.537 billion.
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