Katherine Itoh is a news associate for NBC News.
Lottery players have a chance to win $1.7 billion this week as the Powerball and Mega Million jackpots continue to grow. The Powerball jackpot rose again Wednesday night after no ticket matched all six numbers drawn. The grand prize now stands at an estimated $750 million for the next drawing on Saturday. The Mega Millions jackpot stands at an estimated $977 million ahead of the drawing Friday night.
The Mega Millions jackpot has been building for 29 drawings since the last win on Dec. 8 by two tickets splitting the $392 million. The sole winner of a jackpot can choose to be paid in a lump sum or through an annuity for the full amount with annual payments over 30 years. The lump sum payment is estimated at $327.3 million for Powerball and $461 million for Mega Millions, both before taxes. Tickets cost $2 per play. Powerball operates in 45 states as well as Washington, D.C.
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