Per $2 ticket, that works out to $1.43, plus 32 cents for the lower-tier prizes, minus 70 cents for taxes, totaling $1.05 in expected earnings per ticket.
Advertisement
And more million-dollar prizes have been awarded as ticket sales have skyrocketed. If your pre-purchased Powerball ticket matches all six numbers that Powerball picked, you win the top prize.
The ever-growing Powerball jackpot has jumped again to a whopping .5 billion on Tuesday from $1.4 billion the day before.
“You are 4 times more likely to be struck by lightning and die then you are at winning this Powerball”, said ESTEM High School math teacher, Mark O’Laughlin. The odds of winning the grand prize decreased from 1 in 175 million to 1 in 292 million.
More than $3.5 billion lottery dollars has been raised for Tennessee education, since 2004.
Powerball is played in 44 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico.
It’s 9:59 p.m., an hour before the 10:59 p.m. drawing at Universal Studios in Orlando on Wednesday night, according to the state’s website.
Still, statistics experts say the astronomical odds of winning are a bit better if you let the computer pick the numbers, rather than choosing them yourself. There’s some good news after all: 18 million people won some combination of numbers in the drawing, meaning America is a nation of winners.
On Saturday, no ticket matched the $950 million jackpot.
Some retailers scoring the biggest sales are in states bordering the handful that do not participate in the Powerball, he said.
If you’re convinced your champagne wishes and caviar dreams could come true, there are a few things you should know before the big draw. In the past two drawings, the jackpots have reached mindboggling proportions and drawn increasing media attention.
“People are buying hundreds at a time”.
Advertisement
But Powerball issues partial winnings to people who have at least some matching numbers.
