Lotto players have chance to win Mega Millions and Powerball jackpots

DES MOINES, Iowa - Lottery players have a chance at winning two giant jackpots that together amount to nearly $800 million.

The Mega Millions drawing will take place Tuesday night, offering players an annuity jackpot of $343 million, paid over 29 years. The game's cash option is an estimated $215 million. It's the largest Mega Millions prize since a $393 million drawing last August.

Then on Wednesday night, players of the Powerball game will seek a $440 million annuity prize, or a $278.3 million cash prize. Powerball hasn't had such a big prize since August, when a Massachusetts player won a $758.7 million jackpot.

Read more at CBS News' website.


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