Mega Millions, Powerball Jackpots Climb To Over $1 Billion Combined

click to expand

PHILADELPHIA (CBS) - Many of us have dollar signs in our daydreams, and right now over a billion dollars are up for grabs!

The Mega Millions and Powerball jackpots now total more than a $1 billion.

The Mega Millions grand prize is $450 million.

If someone matches all the numbers and takes all the prize money at once they get $281 million before taxes.

The drawing for Mega Millions is Friday night.

Meanwhile, the Powerball jackpot stands at $570 million.

That has a lump sum value of $358.5 million before taxes.

The next Powerball drawing is Saturday night.

The odds of hitting the Powerball jackpot are one in more than 292 million.