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The Powerball jackpot’s abysmal odds of just one in 292.2 million are designed to build big prizes that lure in more players. It’s working.
After Powerball didn’t hit on Saturday night, the estimated $875 million rolled over again. The estimated jackpot for the game’s Monday night drawing is $900 million. (Image: ABC News) [Read more…] about Powerball Continues to Dodge Players, Jackpot Grows to $900M
The Mega Money Jackpots has launched in both Pennsylvania and Virginia and the progressive jackpot can be accessed through games offered by the state’s lotteries. This is the first time an eInstant progressive jackpot game has been released as well.
Players in both states will stand to benefit from multi-million dollar prizes designed to boost engagement and offer participants new opportunities to experience lottery products. The product will not stop here, though as IWG is keen to keep adding more state lotteries, beyond Pennsylvania and Virginia, and grow the prize pool and how many people it’s available to.
To ensure that the product operates as intended, IWG is deploying its own InstantRGS, a remote game server solution that facilitates the game’s operations and requires no further investment on behalf of partner lotteries that are hosting the game.
IWG CEO Rhydian Fisher has welcomed this new opportunity to deliver a progressive jackpot based on eInstant games to Virginia and Pennsylvania. He argued that pooling players from both states would provide players of Mega Money Jackpots with even better opportunities to win big.
“Congratulations to both lotteries for pioneering this next chapter in eInstant games,” Fisher said.
The news was naturally welcomed by representatives of both lotteries. PA Lottery Deputy Executive director for marketing and products Stephanie Weyant added to the conversation and said that the lottery was excited to see Mega Money Jackpots integrated with the local players, offering great benefits to them.
Strategic games manager for Virginia Lottery, Scott Kenyon, was of a similar opinion. Kenyon said that the lottery was excited to be collaborating with IWG to champion even more online innovations. The multi-state partnership is a clear indicator of the ongoing efforts, he added.
“We believe Mega Money Jackpots will be enthusiastically received by our players all while supporting the Virginia Lottery’s mission to raise revenue for K-12 public education,” Kenyon wrapped up.
Previously, IWG introduced an eDraw game for the Virginian lottery and it similarly launched other products and services in Kentucky.
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The Powerball jackpot for this weekend’s drawing is an estimated $875 million, the game’s third-richest prize ever offered.
After no ticket matched the six winning numbers on Wednesday night, the Powerball jackpot rolled over for a 36th consecutive time. Officials with the Multi-State Lottery Association, which operates Powerball on behalf of its 48 participating jurisdictions, are forecasting a rush of play between the drawings.
The $875 million prize for Saturday’s drawing includes a cash value of an estimated $441.9 million. The cash prize for Wednesday’s drawing was $367.9 million, meaning Powerball officials expect sales between Wednesday through Saturday evening to be north of $100 million.
About 68 cents of every $2 Powerball play goes towards the cash-sum jackpot. The advertised jackpot is for the 30-year annuity, which is dependent on the Federal Reserve’s benchmark interest rate.
Powerball and Mega Millions pay out their annuity jackpots through bonds insured by the US Treasury. The interest rates on those bonds are based on the federal interest rate. And that’s why as interest rates have increased over the past year, annuitized lottery jackpots have escalated quicker than they otherwise would.
Saturday night’s Powerball jackpot is not only the third-largest Powerball annuitized jackpot, but also one of the 10 largest lottery prizes ever offered in US history. At $875 million, the jackpot already ranks seventh in U.S. lottery history.
To claim a top-five spot, the jackpot will need to swell to more than $1.33 billion, which was the Mega Millions jackpot hit on July 29, 2022. Powerball holds the top two spots with jackpots of $2.04 billion won on Nov. 7, 2022, and a $1.58 billion prize won on Jan. 13, 2016.
Each ticket’s chances of winning the Powerball jackpot are just one in 292.2 million. The overall odds of winning some sort of prize are one in 24.9.
During Wednesday’s drawing, while no one won the jackpot, more than 1.8 million tickets won lower-tier prizes worth a combined $16.5 million.
The July 12 drawing included two tickets, sold in Florida and Indiana, that matched all five white numbers, but not the red Powerball to claim the game’s second-best prize of $1 million.
Another 36 tickets matched four of the five white balls and the red Powerball for $50,000 prizes. Of those winners, 26 of the tickets purchased the $1 add-on Power Play option that tripled their prize to $150K after the Power Play landed on 3x.
Powerball isn’t the only lottery game growing its jackpot. Mega Millions is also on a run, with the game’s prize climbing to $560 million.
Mega Millions will next be drawn Friday night at 11 p.m. EST. Mega Millions officials say it’s only the seventh time in the game’s 21-year history that the jackpot has climbed upwards of $550 million.
The odds of winning the Mega Millions jackpot are even worse than Powerball at about one in 302.5 million.
The post Powerball Climbs to Third-Largest Jackpot in Game History appeared first on Casino.org.
Rephrased by The Mystic Gambler
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After striking it rich in an extraordinary lottery draw in New Zealand, a couple from Christchurch wrestled with the decision of how to handle their astonishing win. As they did, they apparently weren’t concerned about someone pilfering the NZ$33-million (US$20.7 million) ticket, as they simply left it tucked away in a drawer.
The couple, who are choosing to remain anonymous, expressed their astonishment after the Lotto win left them dumbfounded. The lottery draw took place on June 28, but they didn’t come forward until July 8.
They needed time to process the win, according to Lotto officials, and to get their affairs in order prior to charting their course ahead. Now that they’ve collected their winnings, they can let the fun begin.
A representative from Lotto NZ said in a statement that the couple, who only occasionally played the lottery, purchased the Powerball Dip, a random set of numbers, about a week prior to the high-stakes drawing. The wife confessed that due to her busy schedule following the draw, she never took the time to verify her ticket.
It wasn’t until late last Wednesday that she sat down to check the numbers. Her husband was already asleep, but not for much longer.
When she discovered that all of the numbers matched, she woke him up so he could double-check. He confirmed the combination of numbers and suddenly, sleep wasn’t an option.
Instead of hastily contacting the Lotto office to claim their prize, the couple decided to take a pragmatic approach. They wanted to discuss their options and determine the best way to use their new fortune.
They tossed the winning ticket into a sock drawer while they went about their daily routines. Fortunately, nothing happened to the tiny slip of paper, and after a week, they claimed their prize.
Last week, 1.4 million Kiwis played the lottery. This soaring interest surged when the news broke of the massive jackpot. Marking a milestone in 2023, this latest lottery win ranks as the ninth-highest Powerball victory of the year, according to Lotto NZ statistics.
There are plenty of examples of lottery winners who didn’t know how to manage their sudden windfalls, so the Kiwi couple is taking the right approach in wanting to lay out their plans. If only Callie Rodgers had done that 20 years ago.
In 2003, at only 16, Rodgers struck gold by winning the jackpot in a UK draw. This event made her the youngest lottery winner in the UK. But she didn’t handle the instant success very well.
Rodgers has apparently blown most, or all, of her £1.87-million (US$2.4 million) lottery. She was recently spotted shopping at Iceland, a controversial discount supermarket chain, according to the media outlet The Daily Mail.
She apparently spent almost all of her winnings on cosmetic surgery, gifts for friends and family, and shopping. Rodgers also reportedly developed an expensive drug habit that also cut into her winnings.
It also came to light in court that, at least for a while, she was receiving Universal Credit, a type of Social Security payment, even after winning the lottery. That hasn’t helped her financial situation, as a court ordered her to pay it all back in installments, which she’s still doing.
Winning the lottery doesn’t mean you can’t be smart if you win. Making a plan and seeking financial advice should be the first two steps once you land on a big lottery ticket.
The next US Powerball drawing, which takes place Monday night, will be one of the biggest in recent history. It has escalated to $650 million after Saturday’s $629.1-million jackpot didn’t find a winner.
That draw was the 34th straight draw without a winner. Powerball officials announced in a press release that the upcoming prize will rank as the ninth-most substantial jackpot in the history of the game. Additionally, it will stand as the second-largest prize awarded this year.
The post Kiwi Lottery Winner Kept $33M Ticket in Sock Drawer appeared first on Casino.org.
Rephrased by The Mystic Gambler
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Mega Millions doesn’t take holidays off, meaning the interstate lottery game’s scheduled Tuesday drawing will go off tonight at 11 pm EST as planned.
As millions of Americans pop up their lawn chairs and lay down blankets to watch the sky light up with fireworks, many lottery players will be dreaming about the long chance of becoming extraordinarily rich overnight. The Mega Millions jackpot for tonight’s drawing is an estimated $400 million, with a one-time cash value of $205 million. [Read more…] about Mega Millions Brings July 4 Fireworks With $400M Jackpot For Tonight’s Drawing
A wealthy British businessman whose wife won the lottery has denied involvement in a bizarre plot to plant fake bombs in London’s legal heartland.
[Read more…] about UK Lottery Winner Denies Bizarre Bomb Plot in London’s Legal Heartland
Pay attention or pay dearly is the lesson.
Two store employees in Massachusetts have been charged with conspiring to steal a $3 million lottery ticket from a guy who wasn’t aware he had won.
Authorities became concerned after an argument between Carly Nunes and Joseph Reddem in the Massachusetts Lottery headquarters’ lobby. (Photo: WHDH)
A Plymouth County Grand Jury this week indicted Carly Nunes, 23, of Lakeville, Massachusetts, on charges of theft, making a false claim, and intimidating witnesses, according to a statement from the district attorney’s office.
[Read more…] about Store Clerk Stole $3M Ticket From Clueless Customer
