Mega Millions, Powerball Jackpots Reach $862 Million Combined: Next Drawing Friday 10/12/18

With no winning numbers for this past two Mega Millions and Powerball drawings, the jackpots have grown to a combined $862 million, one of the highest total amounts ever.

The next Mega Millions drawing is Friday, October 12, at 11 p.m. ET, with the projected jackpot $548 million (cash option $265 million). The highest Mega Millions jackpot ever won was $656 million, and there have been three others greater than $500 million.

The record Mega Millions jackpot of $656 million on March 30, 2012, was shared by winners in Illinois, Kansas, and Maryland, and a $648 million jackpot was won in California and Georgia on December 17, 2013.

Meanwhile, the Powerball jackpot has increased to an estimated $314 million for the Saturday, October 13, drawing. The cash value of the jackpot would be $179.4 million.

What's the deadline for purchasing Mega Millions and Powerball tickets?

You have until the purchase deadline Friday at 10:45 p.m. ET to enter the Mega Millions drawing, and until Saturday at 9:45 p.m. ET to enter the Powerball drawing before the deadline.

The last large Powerball payout was $245 million, won on August 11. The Powerball lottery jackpot is one of America's two big multistate games. It is held in 44 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico, with drawings held at 10:59 p.m. ET Wednesday nights and Saturday nights. Players, who can enter with a $2 ticket, must make purchases before 9:59 p.m. ET (though states can vary).

Mega Millions is also a multistate lottery and one of America's two biggest lottery jackpot games. Jackpots start at $40 million, and other prizes pay from $1 million to $2 million or more with a Megaplier.

The odds of winning with a $2 Powerball ticket are one in 292 million, while the odds of winning with a $2 Mega Millions ticket are one in 303 million.

The top Mega Millions jackpots to date:

Amount/Date/Winning Tickets

$656 million 3/30/2012 3-IL, KS, MD

$648 million12/17/2013 2-CA, GA

$543 million7/24/2018 1-CA

$536 million7/8/2016 1-IN

$533 million3/30/2018 1-NJ

$451 million1/5/2018 1-FL

$414 million3/18/2014 2-FL, MD

$393 million8/11/2017 1-IL

$390 million3/6/2007 2-GA, NJ