Powerball set to roll for $550 million

The winner of the Mega Millions prize could also opt for $281million payout as a lump-sum payment

The winner of the Mega Millions prize could also opt for $281million payout as a lump-sum payment

Even when Cheryl Lynn was told she's more likely to win an Olympic gold medal than win the lottery, which, statistically, she is, her resolve held. If nobody wins Friday's Mega Millions jackpot or Saturday night's Powerball jackpot, the Mega Millions jackpot will roll to at least an estimated $560 million for Tuesday's draw, and the Powerball jackpot would roll to, at the very least, an estimated $725 million for Wednesday's draw. It's up to $450 million with a $281 million cash payout. The cut-off for sales is 9:58 p.m. Saturday for Powerball and 10:44 p.m. tonight for Mega Millions.

The current jackpot of $550 million is an annuitized amount, meaning winners receive a portion of the prize money over the course of years. This is still fifth-largest jackpot in Powerball history and the seventh-largest jackpot in US lottery history.

The odds of one person winning both jackpots is 1 in more than 88 quadrillion.

You could probably buy a small island, but then you'd have to build an airstrip and buy a plane to get in and out, so that would eat up so much of your winnings that you'd probably have to sell the island because you couldn't afford the real-estate taxes.

Less than a five minute drive away, sales of the namesake lottery game have been on the increase.

"I've got a lot of plans to do a lot of good things with it", said Ray.

Both jackpots have been rolling since October.

The odds of a single ticket hitting all six numbers in the Powerball are 292 million to 1, according to the Multi-State Lottery Association. Four North Carolina players have won the jackpot since 2006.

"I bought 20-something dollars worth of merchandise", he said as he held a brown bag of items he picked up while across the state line.

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