Middletown, PA – The Mega Millions and Powerball jackpots now offer a combined total of almost $1.6 billion. This is the first time ever that Powerball and Mega Millions simultaneously have advertised jackpots above $700 million. This is the highest combined jackpot total for Mega Millions and Powerball, surpassing the all-time record of $1.537 billion set in October 2018 when the Mega Millions jackpot hit. Drawn Tuesday night, the Mega Millions jackpot offers an annuity value of $865 million, with an estimated cash value of $638.8 million. If won, it would be the second largest jackpot in Mega Millions history and the third largest in U.S. lottery history. The last Mega Millions jackpot of $120 million ($95.4 million cash) was won on September 15, 2020. If there is no Mega Millions jackpot winner in the January 19 drawing, the estimated jackpot for the Friday, January 22 drawing will be $970 million with an estimated cash value of $716.3 million. The Powerball jackpot for Wednesday’s drawing is an estimated $730 million, with an estimated cash value of $546 million. If won, this would be the fourth largest jackpot in Powerball game history and sixth largest jackpot in U.S. lottery history. This is the highest the Powerball jackpot has been since March 2019.