Powerball, Mega Millions have $783M up for grabs to start new year

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Mississippi's Legislature is conducting a study to decide whether to legalize a lottery in the state.

And Americans do love buying lottery tickets. The biggest Mega Millions jackpot dates back to 2012 when three winners split $656 million.

The victor of the Mega Millions jackpot could take home a $361 million annuity, or $225 million in cash.

One ticket, which was sold in Florida, matched the five white balls to win $1 million on Friday.

The Saturday jackpot was initially estimated at $384 million ($242.9 million cash value), the fourth time in 2017 that the prize value hit the $300 million mark.

For those who want to play, tickets must be purchased by Tuesday at 10:45 p.m. for Mega Millions, Wednesday at 9:50 p.m. for Powerball, and Wednesday at 10:45 p.m. for Megabucks Doubler.

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The Mega Millions jackpot for tonight's drawing is up to $361 million. The largest Powerball jackpot on record was $1.586 billion, which was won last January.

The very next Mega Millions drawing was won by a single lottery ticket sold in IL.

The winning numbers will be drawn Wednesday.

Tickets for both games sell for $2.

The official Ohio Lottery site offers more information on instant tickets, raffles and other lottery games.