Mega Millions jackpot hits $640 million, Powerball jackpot at $875 million
The jackpots for the Mega Millions and Powerball lotteries have reached record highs in July 2023. The Mega Millions jackpot is currently at $640 million, while the Powerball jackpot is at $875 million.
Mega Millions jackpot third-largest in history
The Mega Millions jackpot has been rolling over for several weeks, and it is now the third-largest jackpot in the history of the lottery. The previous record was set in 2018, when a jackpot reached $1.537 billion.
Powerball jackpot fourth-largest in history
The Powerball jackpot has also been rolling over for several weeks, and it is now the fourth-largest jackpot in the history of the lottery. The previous record was set in 2016, when a jackpot reached $1.586 billion.
Odds of winning are slim, but possible
The odds of winning the Mega Millions jackpot are 1 in 302.5 million, while the odds of winning the Powerball jackpot are 1 in 292.2 million. These are incredibly slim odds, but it is still possible to win.
What to do if you win
If you are lucky enough to win either jackpot, you should immediately contact the lottery officials. You will need to provide them with your name, address, and Social Security number. You will also need to sign a claim form.
The lottery officials will then help you to collect your winnings. You will have the option to receive your winnings in a lump sum payment or in annual payments.
If you choose to receive your winnings in a lump sum payment, you will have to pay taxes on the entire amount. If you choose to receive your winnings in annual payments, you will only have to pay taxes on the amount that you receive each year.Next drawings on July 19 and 20
The next drawing for the Mega Millions jackpot will be held on Tuesday, July 19, 2023. The next drawing for the Powerball jackpot will be held on Wednesday, July 20, 2023.
Will you be the next millionaire?
Who knows, maybe you will be the next person to win one of these record-breaking jackpots. Just be sure to keep your ticket safe and contact the lottery officials as soon as possible if you are lucky enough to win.
