An Orlando man who has won the lottery game grand prizes seven times shares his tips on how to increase your chances of winning.
Advertisement
That means the odds of randomly picking your own name out that list of Americans (1 in 323 million) are just a bit worse than winning the Powerball. The staggering $1.4 billion Powerball jackpot number on Wednesday has captured a great deal of attention nationwide.
Gurney said players should elect a group leader who will be responsible for collecting and accounting money from the group.
But here’s a pressing question for the procrastinators: What’s the deadline for buying Powerball tickets before the Wednesday, January 13 drawing? That was unusual, given the amount of interest. If more than 10 people are in the group, Gurney said, consider starting an LLC and list everyone as a member.
But on Monday, lottery officials began issuing a word of caution over the airwaves, electronic billboards and social media: be responsible. But far from hiding the change, the organization trumpeted it as part of an effort to build larger jackpots while also giving away more prizes of $2 million or less. At that point, your expected per-ticket losses begin to fall, less so because your odds are getting better and more so because you’re increasing the size of the jackpot by buying so many tickets.
Advertisement
During this span, two $1 million prize winning tickets have been sold in MA, including one in Saturday’s drawing sold at Clarendon Wine Co., 563 Boylston St.in Boston. It hit the billion dollar mark about a week after that. The chances of winning are 1 in 292,000,000. Seven of the 26 possible Powerballs haven’t come up at all. The pool is now sitting at $1.4 billion, and will continue to rise as ticket sales boom. By comparison, California Gov. Jerry Brown last week proposed a $122.6 billion general fund budget for the nation’s most populous state.
