Powerball lottery jackpot prize has created the hype as the prize has reached $700 million, which is now considering as the second biggest lottery prize as per the math calculation. The calculation seems to work out in the favor of the lottery jackpot commissions.
The chances of becoming the millionaire were 1-in-around 175 million about two years ago while now it requires more luck as now the odds of winning the jackpot are 1-in-around 292 million.
The number total balls have been increased from October 2015 — 59 balls to 69 balls where the candidates have to pick only 5 balls in order to try their luck for the Powerball jackpot. It seems like a little change but it highly affects the odds of winning the huge lottery prize.
Due to the increment in the number of balls, the competition of becoming the instant millionaire with Powerball jackpot has become tougher, this is also affecting the prize amount in a positive way as it highers the prize amount, like Wednesday night’s huge prize.
In January 2016, Powerball jackpot prize hit the historical value of $1.6 billion which is the highest jackpot prize reportedly. Social media and media news are filled with increased jackpot prize news, all these new and social media promotion is giving fuel to the news, the spokesperson for Colorado Lottery, Kelly Tabor told The Washington Post.
Tabor said, “That’s really driving up sales right now.”
The prize has been increasing since June as no one won the twice-weekly drawings. According to Tabor, if the no winner scenario will continue and Wednesday drawing netted no winner than the jackpot will probably break the current highest lottery prize record of $1.6 billion.
Tober said that the number of $50,000 and $100,000 lottery prize winners have been increased since the rules of the game changed.
“That was the feedback from players. They wanted a better shot at smaller prizes,” she added. Tobar said, “If you’re playing Powerball, go over to Connecticut.”