User Login    
 + Register
PDQ Cleaning
News : Five Things To Know About The Powerball Jackpot
Posted by Randy on 2014/2/19 4:09:55 (477 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
2015/8/28 17:19:39 - Missouri Highway Patrol Trooper Killed Audrain County Accident
2015/8/28 4:26:43 - Harrison County Man Arrested For Child Pornography
2015/8/28 4:14:50 - Opponents Of Missouri Hog Farm Win Court Ruling
2015/8/28 4:09:36 - Police Escort Fills In For Dad On First Day Of Kindergarten
2015/8/28 4:04:09 - Northeast Missouri Suspect Badly Hurt After Police Shooting
2015/8/28 4:00:11 - New Missouri Court Fines, Sex Ed Laws Set To Take Effect Today
2015/8/28 3:54:40 - Police Say Woman Found Getting High On Canned Air At Walmart
2015/8/27 14:18:52 - Milan Wildcat Coaches Shows For Thursday, 8/27/15
2015/8/27 13:50:00 - Trenton Lady Bulldogs Win Home Opener At Riverside CC
2015/8/27 12:10:32 - Trenton Tennis Beats Carrollton, 7-2
2015/8/27 11:59:59 - Lawson Sweeps Trenton In Tuesday Volleyball
2015/8/27 10:41:46 - Brookfield Downs Trenton In Head-To-Head Golf Duel
2015/8/27 8:40:00 - Grundy County Circuit Court News
2015/8/27 6:40:00 - Freightliner Truck Swerves To Avoid School Bus
2015/8/27 6:25:13 - Trenton Hy-Vee Honors Joel McCully With Legendary Customer Service Award
2015/8/27 4:14:05 - Suspect Charged In Naked Home Invasion In Maryville
2015/8/27 4:09:17 - Missouri Couple Accused Of Multistate Sex Trafficking
2015/8/27 4:03:09 - Missouri Man Convicted Of Raping 13-Year-Old Dies In Prison
2015/8/27 3:58:37 - More Than Two Dozen Arrests Made At Independence Motels
2015/8/27 3:54:33 - Burger King To McDonald's: Lets Make A McWhopper
2015/8/27 3:50:03 - Two Children Removed From Rat Infested, Feces Filled Home
2015/8/26 11:20:00 - Princeton Tiger Coaches Shows For Wednesday, 8/26/15
2015/8/26 9:11:31 - Spickard Fall Festival Schedule Announced
2015/8/26 9:07:42 - Trenton City Council Meeting Results
2015/8/26 7:41:02 - Two Reporters Killed On Live Television
2015/8/26 6:23:52 - Gallatin City Council Approves Tax Levy
2015/8/26 6:20:00 - Building And Nuisance Board Add Additional Properties To Nuisance List
2015/8/26 6:00:00 - Grundy County Sheriff Reports Two Arrests
2015/8/26 5:50:00 - Fire Safety Fire Officer One Course To Be Hosted By Trenton Fire Department
2015/8/26 5:42:41 - Texas Man Accused Of Multiple Violations After Accident Near Bethany



Bookmark this article at these sites

                   

Listen to KTTN-FM