A $1.2 billion Powerball jackpot will again be up for grabs after an 11-week stretch without a big winner but no matter how large the prize grows the odds stay the same — and they’re terrible.
Chevy Johnson, a resident of Broward County, Fla., holds the three Powerball tickets she purchased in the hope of winning the jackpot of over $1 billion, in Fort Lauderdale, Fla., on Monday, Oct. 2, 2023. She said a win would make her"the happiest person in the world." A $1.
It's those odds of 1 in 292.2 million that make the jackpot so hard to win and that result in such giant prizes for the lucky player or players who manage to pick the game's six winning numbers. The latest Powerball jackpot is the world'sIn most states, Powerball tickets cost $2 and buyers can chose their own numbers and single Powerball or leave that task to a computer. Powerball drawings are held three times a week at 10:59 p.m.
Once the numbers are chosen, it usually takes a couple hours to determine if there is a jackpot winner. If there isn't a winner, state lottery officialsfor the next drawing. If there is a winner, the jackpot reverts to $20 million and begins the long process of growing until there is another winner.The jackpot is based on revenue from ticket sales, so the more people who play the game, the faster the top prize grows. However, even though the current jackpot is advertised as $1.
To put the immensity of that into context, note that for Monday's drawing players across the country chose just over 20% of those possible combinations. That means nearly 80% of the possible combinations were not selected, so the odds were pretty good that there wouldn't be a winner. Typically, the larger the jackpot grows, the more people play and the more combinations are covered. People also usually buy more tickets on Saturdays, which increases the chance of a winner for those drawings.with some requiring that jackpot winners be named and others allowing anonymity. Some states have more detailed rules, such as in Florida, where winners can remain anonymous for 90 days before the state lottery releases their name.Powerball is played in 45 states as well as Washington, D.
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