Q&A: A look at $1.9B Powerball jackpot, how it grew so large

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The Associated Press

DES MOINES, Iowa (AP) – The estimated $1.9 billion Powerball jackpot is nearly $400 million larger than the previous record jackpot and will keep growing until someone finally wins the prize.

The jackpot started at $20 million back on Aug. 6 and over three winless months has grown to be 95 times as large ahead of Monday night’s drawing.

That’s a long time without a winner but this is how the game is designed.

With odds of 1 in 292 million, that means it’s unlikely anyone will win the prize until a growing jackpot attracts more players.

And more ticket sales mean the lottery can raise more money for public programs, which is the point of the state lotteries.

Read the full story on AP News right here.

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11/7/2022 4:26:26 PM (GMT -6:00)

 

Categories: Regional and US News