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Powerball jackpot hits $550M as Mega Millions grows to $750M
AP

Powerball jackpot hits $550M as Mega Millions grows to $750M

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DES MOINES, Iowa (AP) — Another night, another chance to win a giant lottery jackpot.

Wednesday night’s Powerball jackpot was worth at least $550 million. Winning numbers for Wednesday night’s Powerball drawing were: 4-19-23-25-49 and a Powerball of 14.

The Powerball prize drawing comes only a day after no one won a $625 million Mega Millions jackpot, causing that prize to grow to $750 million ahead the next drawing on Friday night.

The Mega Millions prize is now the fifth-largest in U.S. history.

It’s only the second time both of the national lottery games have topped $500 million.

The prizes have grown so massive because it has been months since anyone has matched all six numbers and won either jackpot. The odds of winning it all are incredibly small, at one in 292.2 million for Powerball and one in 302.5 million for Mega Millions.

The jackpots listed by the lotteries are for winners who opt to be paid through an annuity over 30 years. Nearly all winners take the cash option, which for Powerball would be an estimated $411.4 million and for Mega Millions would be $550.6 million.

Mega Millions and Powerball are both played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands. Powerball also is offered in Puerto Rico.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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Mark Grywacheski spent more than 14 years as a professional trader in Chicago, where he served on various committees for multiple global financial exchanges and as an industry Arbitrator for more than a decade. He is an expert in financial markets and economic analysis and is an investment adviser with Quad-Cities Investment Group, Davenport.

Disclaimer: Opinions expressed herein are subject to change without notice. Any prices or quotations contained herein are indicative only and do not constitute an offer to buy or sell any securities at any given price. Information has been obtained from sources considered reliable, but we do not guarantee that the material presented is accurate or that it provides a complete description of the securities, markets or developments mentioned. Quad-Cities Investment Group LLC is a registered investment adviser with the U.S. Securities Exchange Commission.

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