Powerball To Make Jackpot Odds 1-In-292 MillionChanges To Be Implemented In Early October |
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The most popular form of gambling in the United States will see a big change come this fall.
The Powerball, which, along with the Mega Millions, offers the largest jackpot prizes thanks to being available in most US states, will be implementing changes in early October that will have the odds of winning the jackpot go from an already crazy roughly 1-in-175 million to roughly 1-in-292 million.
There will be more numbers available for selection, thus decreasing the likelihood of winning. Though, it could one day generate a $1 billion jackpot.
The move follows the Mega Millions making its jackpot odds roughly 1-in-259 million, up from 1-in-176 million, two years ago. That change hasn’t yet yielded a new record.
The record Powerball jackpot of $590.5 million set in 2013 will definitely be crushed at some point in the future. The largest multi-state lottery jackpot ever was the $656 million Mega Millions drawing in March 2012. There were three winning tickets in that one.
To further show how popular the lottery is: Before the final drawing for a $587.5 million Powerball jackpot in late 2012, tickets were being sold at a rate of 130,000 per minute.
According to NorthJersey.com, the New Jersey Lottery Commission is the latest state to sign off on the changes from the Powerball Group. If a state wants to continue with the Powerball system, it must OK the changes. Neighboring New York approved them last month.
A Powerball ticket will remain $2, and the $1 Power Play option will stay the same as well.
Thanks to a December 2011 Department of Justice opinion, some state lotteries have already dabbled with offering services online, while others are still considering it. The Delaware Lottery actually oversees the state’s online gaming industry, which includes poker and other casino games. The Iowa Lottery indicated earlier this year that it’s looking at online casino games.
Americans spent more than $70 billion on the lottery in 2014.
Forty four states currently have a lottery, and Alabama is considering becoming the 45th.
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