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EDITOR-IN-CHIEF Paulo Coutinho
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Home›Business›Powerball | Record USD1.5 billion-jackpot draw today

Powerball | Record USD1.5 billion-jackpot draw today

By -
Thursday, January 14, 2016
102
0
A look at the record USD1.5b Powerball drawing

A look at the record USD1.5b Powerball drawing

The Powerball jackpot has climbed to over USD1.5 billion, easily surpassing all other lotteries to become the largest such prize in the world. The draw is due today at 11:59am (Macau time).
The jackpot for the twice-weekly game started at $40 million on Nov. 4. Since no one has won, the prize keeps growing, along with ticket sales in the 44 participating states, as well as the District of Columbia, the U.S. Virgin Islands and Puerto Rico. The jackpot estimate is reviewed daily, and the odds of winning are 1 in 292.2 million.
Other countries offer large jackpots too. Spain’s massively popular Christmas lottery, known as “El Gordo,” is ranked as the world’s richest, though it doles out a single jackpot among millions of prizes, instead of one large jackpot like the Powerball. El Gordo last month showered 2.2 billion euros ($2.4 billion) across the country.
Six states have no lotteries of any kind. Religious beliefs have posed a barrier in Alabama, Mississippi and Utah. Alaska has been more concerned that a lottery wouldn’t pay off in such a sparsely populated state. In Hawaii, lawmakers have proposed lottery measures, but the idea always fails. And in Nevada, the lottery snub is largely a nod to the state’s casinos, which have no interest in the competition.
The Multi-State Lottery Association, which runs Powerball, reports that some of the biggest ticket sales come from border cities. That means residents of states without Powerball are driving to neighboring states to play the lottery.
Roughly 95 percent of Powerball tickets are computer-generated quick picks, so people’s favorite numbers aren’t really a factor. Officials don’t track which numbers are most popular because so many are randomly generated. AP

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