Mega Millions followed two years later, stretching the odds of winning the top prize from 1 in 258.9 million to 1 in 302.6 million. In 2015, the Powerball lottery lengthened the odds of winning from 1 in 175.2 million to 1 in 292.2 million. The credit for such big jackpots comes down to math - and more difficult odds. WHY ARE LOTTERY JACKPOTS SO LARGE THESE DAYS? For every dollar players spend on the lottery, they will lose about 35 cents on average, according to an analysis of lottery data by the Howard Center for Investigative Journalism at the University of Maryland. Lottery officials say the average player buys two or three tickets, meaning they’re putting money down on a dream with very little chance of a jackpot payoff. So you could spend a lot of money on tickets and still almost undoubtedly not hit the jackpot. If buying one ticket gives you a 1 in 302,575,350 of winning the jackpot, spending $10 for five tickets improves your chances to only 5 in 303 million. And the odds are so long that it’s certainly not worth spending money you’ll miss for more tickets, experts warn. The biggest jackpot since June 2019 was a 414 million prize won by an Arizona player on June 9. Two have been won in New Jersey 202 million on February 11 and 123 million on July 24. It’s the fourth Mega Millions jackpot won this year. Your odds of winning are only slightly improved by buying more than one ticket. The lucky ticket-holder wins the 22 million jackpot (17.9 million cash). The odds of winning the Mega Millions jackpot are 1 in 302,575,350. The highest Mega Millions jackpot, won in 2018, was more than $1.5 billion. Since then, there have been 28 consecutive drawings without a jackpot winner. The last winner took home $20 million in April. The current Mega Millions jackpot is shaping up to be the fifth highest in Mega Millions history, with a one-time cash prize estimated at $464 million. jackpot was a $2.04 billion Powerball prize won in November 2022. California lottery officials haven’t announced a winner for that jackpot, the sixth-largest in U.S. Multiply Non-Jackpot Prizes by adding Megaplier for 1 Megaplier gives you a chance to multiply non-jackpot prizes, up to 5X Receive two sets of numbers with JUST the JACKPOT TM for 3 With JUST the JACKPOT, receive two chances for a shot at just the jackpot Details. lottery history and follows a $1.08 billion Powerball prize won by a player July 19 in Los Angeles. The $910 million prize is one of the largest in U.S. Customers are buying $60 to $100 worth of tickets, Whitsitt said. Regeina Whitsitt, a lottery clerk for RED X Grocery Store in the Missouri city of Riverside near the border of Kansas, said she’s sold tickets to a number of new players trying to win the $910 million jackpot. The Mega Millions lottery jackpot is approaching $1 billion ahead of Friday's drawing, driving first-time buyers and other hopefuls to stock up on tickets. Powerball and Mega Millions tickets each cost $2 apiece.COLUMBIA, Mo. The changes, which are based on the size of the pool of white balls contestants choose from, increased the odds of winning the Powerball’s smallest $4 prize from 1-in-111 to a significantly more reasonable 1-in-92. In an effort to offer more small prizes and drive up the dollar figure of the jackpot, both the Powerball and Mega Millions rearranged the formula needed to win in 20, respectively, worsening players’ odds at winning the Powerball from 1-in-175.2 million to 1-in-292.2 million, and decreasing the odds of winning the Mega Millions from 1-in-258.9 million. The odds of winning Mega Millions are even worse, at an astounding 1-in-302.6 million. Those are the astronomical odds of winning the Powerball, which requires winners to match the numbers of all five white balls as well as the red Powerball. Eastern time, while the Powerball will be drawn at 11 p.m. The next Mega Millions drawing is scheduled for Friday at 11 p.m.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |