Both the Mega Millions and the Powerball lotteries now have jackpots above $700 million after reporting no winners in their last drawings.

The last Mega Millions drawing took place on Friday, January 15th and had an estimated jackpot of $750.  There were no jackpot winners, but 8 people managed to match 5 numbers correctly, winning $1 million.  The next drawing will take place on Tuesday, January 19th at 11pm and will have an estimated jackpot of $850 million.

The last Powerball drawing was on Saturday, January 16th and had an estimated jackpot of $640 million.  There were no jackpot winners from that drawing either, but 2 people won $2 million and another 11 people won $1 million.  The next drawing for the Powerball Jackpot is on Wednesday, January 20th at 11 pm and has an estimated jackpot of $730 million.

Neither of the jackpots this week are record breaking, however if no one wins the Powerball jackpot on Wednesday it will surely grow to be larger than the previous record of $768.4 million.  We are still weeks, if not months, away from the Mega Millions jackpot beating its record of over $1.5 billion.

If you win the jackpot in either of these drawings, what would you spend the money on?  Let us know in the comments!

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