How Much Are The New Jackpots For Mega Millions, Powerball? Lotteries Reset After Big Payouts

Following record-high jackpots for Mega Millions and Powerball, the grand prizes for the lotteries have both been reset to $20 million this week.

Since mid-September, there had been no winning ticket in both of the lotteries, which allowed the jackpots to balloon. The grand prizes of the lotteries both saw winners in recent days, which means a dramatic difference in the size of the jackpots.

The Wednesday night Powerball drawing had a $731.1 million jackpot with a cash value of $546.8 million. It marked the fifth-largest jackpot, with the winning ticket coming from Maryland.

The Friday night drawing of the Mega Millions jackpot, which was worth $1 billion with a cash value of $739.6 million, also had one winner. The winning ticket was brought in Michigan and marked the second-largest jackpot in Mega Millions history and the third-largest in lottery history.

The large jackpots were the first time both of the lotteries were over $700 million at the same time. Even though the jackpots dwindled following the big wins, a player in New Jersey brought a winning ticket for the Saturday Powerball drawing and won the $23 million grand prize.

The winning lottery numbers drawn on Jan. 23 were 05, 08, 17, 27, 28, with a red Powerball of 14. The Power Play was 3X.

Along with the grand prize winner, there were also several instant millionaires. Following the drawing, 35 players won the Match 5 for $1 million. Meanwhile, eight players won the Match 5 plus Power Play resulting in $2 million for each player.

The Powerball jackpot has been reset once again and is worth $20 million with a cash value of $15 million. The next drawing is Wednesday.

The next drawing for the Mega Millions jackpot will take place Tuesday and has a grand prize of $20 million with a cash value of $14.7 million.