How the lottery grew to become a nationwide obsession
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Lottery gamers could have one other shot Saturday evening at a $935 million Powerball jackpot that has been rising bigger and bigger because the final winner practically three months in the past.Nobody has received Powerball’s high prize since New Yr’s Day, amounting to 37 consecutive drawings with out a jackpot winner. That streak with out a winner is nearing the document variety of 41 consecutive drawings, set twice in 2022 and 2021.The sport’s lengthy odds of 1 in 292.2 million makes it a uncommon jackpot. By making the highest prizes exhausting to hit, jackpots can develop giant after which appeal to extra gross sales.
The $935 million prize is for a sole winner who chooses an annuity, paid over 30 years. Winners who go for money can be paid $452.3 million. The prizes can be topic to federal taxes, and lots of states additionally tax lottery winnings.The chances of profitable the Powerball jackpot are 1 in 292.2 million.
The frequency of enormous jackpots has surged for each Powerball and Mega Thousands and thousands lately as each video games doubled ticket costs and lowered odds.Final August, a single profitable ticket was bought in Neptune, Florida, for a $1.6 billion jackpot, the most important in Mega Thousands and thousands historical past, and the third-largest in lottery historical past. In February 2023, a profitable ticket bought close to Los Angeles claimed a $2.04 billion Powerball jackpot, the most important in lottery historical past.Powerball is performed in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Powerball drawings are held each Monday, Wednesday and Saturday at 11 p.m. Jap.
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