Lottery players across the country are eagerly anticipating the upcoming Mega Millions and Powerball drawings, with a combined total of $1.7 billion up for grabs. The Mega Millions jackpot, which has been growing for over three months, is estimated at $1.1 billion, making it the eighth largest in U.S. lottery history. In order to win the jackpot, players must match all five white balls plus the yellow Mega Ball, with odds of 1 in 302,575,350. The lump sum payment for Tuesday night's drawing is estimated at $537.5 million before taxes.

On the other hand, the Powerball jackpot has reached $750 million after 34 consecutive draws without a winner. The odds of winning the Powerball jackpot are roughly 1 in 292.2 million, with a lump sum payment estimated at $327.3 million before taxes. Both games offer players the option of receiving the full jackpot amount in annual installments over 30 years.

The excitement surrounding these massive jackpots has been building, as both games have not seen a grand prize winner in quite some time. The last Powerball jackpot winner took home $842.2 million on Jan. 1, while the last Mega Millions jackpot was split between two tickets on Dec. 8, totaling $392 million. With the odds of winning any prize at 1 in 24.9 for Powerball and 1 in 302.6 million for Mega Millions, lottery players are hoping to beat the odds and become the next lucky winner. The drawings for both games will take place this week, offering players multiple opportunities to strike it rich.