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Powerball and Mega Millions lotteries' combined jackpots reach $547 million, moving closer to a $1 billion total.
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Powerball's current estimated jackpot is $280 million after the latest drawing yielded no grand-prize winner.
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The annuity option, available for both Powerball and Mega Millions, involves annual payments over three decades.
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Mega Millions also contributes to the combined jackpot, but specific details are not provided in the given text.
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The Powerball annuity, valued at $128.6 million as a lump-sum cash-out, was reported as of Thursday night.
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Both lotteries offer significant winnings, attracting players with the allure of substantial payouts.
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The ongoing rise in jackpot amounts adds excitement and anticipation among lottery participants.
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