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Better chance of winning weekend's lottery jackpot than filling out perfect bracket

The odds of winning Mega Millions: 1 in 302.6 million. The odds of filling out a perfect bracket: 1 in 128 billion.

PHOENIX - You have a better chance of winning the Mega Millions or Powerball than filling out a perfect March Madness bracket.

The odds of winning Mega Millions is 1 in 302.6 million.

The odds of getting a perfect bracket: 1 in 128 billion, according to the NCAA.

Friday’s Mega Millions drawing of $345 million is the ninth largest ever. Saturday’s Powerball of $455 million is the eighth largest.

Here are a few answers to your most pressing lotto questions:

What is a winning ticket worth?

Saturday's Powerball jackpot of $455 million is payable in 30 annual installments. Many people choose the one-time cash option of $269.4 million before taxes.

Friday's Mega Millions $345 million jackpot also has 30 annual payouts, or a winner can choose a lump sum of $205 million before taxes.

When are the drawings?

The Mega Millions numbers will be drawn at 8 p.m. MST on Friday. Powerball numbers will be drawn at 7:59 p.m. MST on Saturday.

Powerball also streams its drawings online. Mega Millions streams live on LotteryHub, its official app, and has a YouTube channel where officials post drawings soon after they happen.

What are the odds?

The odds of buying a winning Powerball ticket are 1 in 25. The odds of hitting the jackpot are 1 in more than 292 million. The odds of becoming a millionaire by matching five numbers is 1 in 11.7 million.

The odds of winning Mega Millions overall are a little better at 1 in 24. However, your odds of winning the jackpot are 1 in 302.6 million. A shot at matching five numbers for $1 million is 1 in 12.6 million.

What is the ticket price?

Mega Millions and Powerball both sell regular tickets for $2 each.

Chris Sims of The Indianapolis Star contributed to this report.

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