User Login    
 + Register
TV Banner
News : Five Things To Know About The Powerball Jackpot
Posted by Randy on 2014/2/19 4:09:55 (368 reads) News by the same author

DES MOINES, Iowa (AP) -- Wednesday's Powerball drawing carries an estimated $400 million jackpot. If no one matches all the numbers, the prize potential will grow before the next drawing on Saturday. Here are five things you should know about Powerball payouts and your odds of winning.
Click to see original Image in a new window

GROWING INTO RECORD TERRITORY: The estimated $400 million jackpot is the sixth-largest in U.S. lottery history. Impressive, but it may not hold that record in a few years ... or even a few months. More than half of the 10 largest lottery jackpots have been reached since 2012. That's because major game changes to Powerball and Mega Millions have created larger jackpots in shorter periods of time. So if it seems like we were all just talking about the large, growing jackpot, it's because we were.

---

ROLLING, ROLLING, ROLLING: Each drawing without a winner rolls the jackpot over and makes it more lucrative. The current jackpot began its ascent at the end of 2013. That means it's rolled over more than a dozen times without a top prize winner. If no one strikes it big on Wednesday, the jackpot only gets bigger.

---

LET'S SAY YOU WIN: Hold off on that beachfront mansion. Financial experts agree that you should forego large vanity purchases and instead set up annuities and long-term trusts for descendants.

---

YOU COULD BE A WINNER EVEN IF YOU DON'T WIN THE JACKPOT: You don't have the main Powerball number on your ticket? Don't fret and keep your eyes on those other five numbers. Match those and you could win a $1 million secondary prize or a $2 million secondary "Power Play" prize if you paid an extra dollar when you bought the ticket. More than 1,000 ticketholders have won these secondary prizes since 2012. Not a bad deal.

---

BUT REALLY, YOU'RE NOT GOING TO WIN: Odds of winning it all are about 1-in-175 million. Officials over the years have noticed the trend that the larger the jackpot, the more interest in the top prize and a surge in players. But remember your odds of winning a jackpot of $40 million is the same as if it were the current estimated $400 million. That's because every time you play, you're still looking to match all five white balls and the red Powerball. The odds of winning don't change as the jackpot escalates, and they change very little even if you buy 10 tickets instead of one.

Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2014/8/30 0:20:00 - Lexington Runs Over Trenton, 34-6
2014/8/29 16:07:54 - "Kaleidoscope Run" To Start Homecoming Week At THS
2014/8/29 15:51:13 - Trenton, In Return To Class 2, To Host District 16 Softball Tournament
2014/8/29 15:36:48 - Trenton Golfers Take Fifth Place At Lafayette Tournament
2014/8/29 15:32:52 - Drive One For Your School Event To Raise Money For Three Area School Districts
2014/8/29 15:27:34 - Princeton Chamber To Meet Concerning Cow Palace Repairs
2014/8/29 15:23:47 - NFL Suspends Former Mizzou Standout Aldon Smith For Nine Games
2014/8/29 15:21:23 - KC Chiefs Lose Preseason Finale, 34-14 At Green Bay
2014/8/29 15:00:00 - KC Royals Claim Veteran Jayson Nix Off Waivers
2014/8/29 10:05:43 - Lawson Softball Tips Chillicothe, 3-2
2014/8/29 9:51:45 - Truman State Hoops Coach Leaves For Pro Job
2014/8/29 9:50:00 - CHS Lady Hornet Volleyball Opens Season With Sweep Of Trenton
2014/8/29 9:40:04 - Softball Scoreboard : Gallatin Tips Milan 2-1
2014/8/29 9:22:50 - Savannah Tennis Beats Trenton, 8-1
2014/8/29 7:28:34 - Amber And Jim Shippen Latest Contributors To WMH Foundation
2014/8/29 6:20:30 - Hamilton Resident Life Flighted After Accident South Of Cameron
2014/8/29 5:21:37 - Trenton Downtown Improvement Association Approves Loans For Building Projects
2014/8/29 4:35:36 - Crews In Hazmat Suits Search Springfield Home For Ricin
2014/8/29 4:27:55 - Suspect In 6-Year-Old's Death Charged With First-Degree Murder
2014/8/29 4:23:52 - Missouri Unveils Aid Effort To Ferguson Businesses
2014/8/29 4:19:11 - Cat-Astrophic Revelation Purr-Turbs Hello Kitty Fans
2014/8/29 4:15:39 - 4-Year-Old Expelled Over His Mother's Facebook Post
2014/8/29 4:10:25 - Date Set For Local Recount On "Right To Farm" Issue
2014/8/29 4:03:50 - One Injury In Accident West Of Trenton
2014/8/28 15:01:25 - KC Royals Turning Back Clock To 1974
2014/8/28 14:50:00 - Milan Coaches Shows For Thursday, 8/28/14
2014/8/28 12:50:00 - Chillicothe Hornets Have Dominant Tennis, Golf Performances
2014/8/28 12:32:42 - KC Royals Urge Fans To "Wear Blue" For Rare Sunday Night Game
2014/8/28 12:27:24 - KC Royals Place Top Prospect Starling In Arizona Fall League
2014/8/28 12:21:45 - Brookfield Wins Extra-Inning Showdown With Penney, 3-2



Bookmark this article at these sites

                   

Listen to KTTN-FM