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Powerball Jackpot Hits $400M as Multi-State Lottery Game

1795 views April 24, 2022
by OKBET


Powerball Jackpot Hits $400M as Multi-State Lottery Game

For the very first time since the first day of the year, the Powerball prize for Saturday night’s shows was over $400 million. A Powerball participant in Illinois purchases a fast pick ticket for a draw. As the multi-state lottery game celebrates its 30th anniversary, the current prize for Saturday night’s lottery is $400 million.

Since Valentine’s Day, no one has won the multi-state lottery prize. That’s when the $123.9 million cash option for the $185.3 million drawings was claimed by an anonymous Connecticut ticketholder. The jackpot on Saturday is also the biggest since the beginning of the year. California and Wisconsin tickets shared the $632.6 million jackpot on Jan. 5, the seventh-largest in Powerball history.

The money for Saturday’s jackpot is $240.8 million, or winners can choose to receive the entire sum in 30 installments over 29 years. According to LottoReport’s analysis of data, when the Powerball jackpot reaches $400 million, sales spike dramatically.

This weekend marks the 30th anniversary of Powerball

However, a large increase in sales does not have to wait for a holiday. The Powerball jackpot reached $400 million in September of last year. Ticket sales for the $388 million drawing on Sept. 8 totaled $33.5 million. When the Powerball jackpot reached $409 million on Sept. 11, $51.5 million in tickets were sold, representing a roughly 54 percent increase.

The 30th anniversary of the inaugural Powerball drawing, which took place on April 22, 1992, is also this weekend. Over the last 30 years, approximately 1.75 billion awards have been claimed, according to game officials. There have been 393 jackpot winners who have won a total of $25 billion. This includes a $1.59 billion jackpot won in 2016, which set a new global record.

Powerball

Powerball has awarded almost 3,000 prizes of $1 million or $2 million during the course of its existence

Powerball has been America’s jackpot game for 30 years, according to May Scheve Reardon, Powerball product group chair and Missouri Lottery executive director. “We’d want to thank all of our players who have joined us on this journey and dreamed of winning Powerball.” “Every Powerball ticket sold has contributed to good causes sponsored by US lotteries, such as education, veterans, the elderly, and environmental conservation,” said the company.

Where and How to Play to Win Jackpot?

Check with the participating lottery like okbet.com to see when sales for the drawing are closed. It will take place at 10:59 p.m. ET on Saturday

Furthermore, to 45 states, the District of Columbia, Puerto Rico, and the US Virgin Islands, Powerball is accessible in the District of Columbia. Alaska, Alabama, Hawaii, Nevada, and Utah are the only states where you can’t buy a ticket.

The game’s tickets are $2 apiece. Players can add a “Power Play” for an extra $1 that increases every non-jackpot winning ticket. In some areas, ticket buyers can purchase a “Double Play,” which qualifies their numbers for a second drawing with a $10 million jackpot.

Two pools of numbers use in Powerball drawings. Players choose any five numbers from 1 to 69 from the first pool. In the second pool, each player chooses a number between 1 and 26. Matching all six numbers has a chance of 1 in 292.2 million. Players can also select a quick pick option, which selects numbers for them at random.

The smallest prize is $4, and the odds of winning any prize are 1 in 24.9.

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