Players have chance at winning giant Mega Millions, Powerball jackpots

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The largest Powerball jackpot on record was $1.586 billion, which was won last January.

Lottery players have a chance at winning two giant jackpots that together amount to almost $800 million.

And Americans do love buying lottery tickets. The Powerball jackpot is $440 million, and Mega Millions is up to $343 million. For an additional $1 per play, players have the opportunity to add a "Megaplier" that can multiply non-jackpot prizes by up to five times.

"Some are playing just the Powerball because it has the highest jackpot, but most appear to be getting at least one ticket for both", Maloney added.

Both lotteries are played in multiple states, including California.

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The combined total for those two prizes: $783 million.

The odds of winning jackpots in either game are incredibly small.

The Mega Millions drawing is televised every Tuesday and Friday at 11 p.m. on selected television stations. The drawing for Powerball is Wednesday night.

While the chance of winning either game is very low, and the chance of winning both is very, very, very low - 1 in 88 quadrillion, or 1 in 88,412,922,115,183,000 to be precise.