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Powerball jackpot hits $730M as Mega Millions grows to $850M News4Jax staff Updated:  Tags:  News4Jax reporter Erik Avanier contributed to this story. If somehow you manage to take home the grand prize in both Mega Millions and Powerball, that’s a nearly $1.6 billion jackpot. If you choose to take the cash option -- you’re looking at a cool $1.1 billion or so. The Tuesday night Mega Millions drawing is the second-largest prize in the game’s history. It would be the third largest in American lotto history. For the fourth time in its 28-year history, the Powerball has crossed the $700 ...