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Powerball jackpot up to $1.5 billion

Aside from the prized jackpot that no one won on Saturday night, players still got tons of prizes ranging from $4 for getting only the Powerball number right to $2 million, which you can win when you have five winning numbers and a Power Play add-on.

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According to the New York State Gaming Commission, the businesses have earned close to ten million dollars in total commission on ticket sales. Powerball has what’s known in casinos as a “progressive jackpot”, which means the money increases incrementally each time it’s played. “If you are planning to play, remember that tickets will be sold in Pennsylvania until 9:59 p.m. on Wednesday evening”.

Des Moines, Iowa — The worlds largest lottery jackpot has grown to $1.5 billion because of continuing strong Powerball ticket sales.

You don’t become a smart investor when you win the lottery.

The amount of the current jackpot is so large, the South Dakota Lottery is unable to display it on their jackpot signs. If you buy 100 tickets, you can expect to lose $95.

That’s because there are more people playing, increasing your odds of sharing the jackpot with someone else (or multiple people).

For the latest on Michigan Lottery, check out MLive.com’s lottery page for Daily 3, Daily 4, Poker Lotto, Keno, Mega Millions, Powerball, Lucky for Life winning numbers and more. In 2012, two winners split $587.5 million.

In other Lottery news, here are a few stories on MLive.

That sounds like a lot, but last year’s annual revenue the lottery put toward education was more than $1.2 billion. In those lotteries, you’re far less likely to have to share the jackpot, which is the biggest investment-killer. Officials don’t track which numbers are most popular because so many are randomly generated.

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When people choose their own lottery numbers, they typically pick digits that have some kind of personal meaning for them.

Lottery jackpots- Powerball intro