Almost everything you need to know about Powerball The Powerball jackpot to be played Wednesday is estimated at about $ 1.4 billion, the largest ever in the United States. That amount is likely to increase even more when the time of the lottery comes. Here are some important questions and answers to consider before buying […]

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Almost everything you need to know about Powerball

The Powerball jackpot to be played Wednesday is estimated at about $ 1.4 billion, the largest ever in the United States. That amount is likely to increase even more when the time of the lottery comes. Here are some important questions and answers to consider before buying tickets.

How difficult is it to win the prize?

Statistics experts, like Powerball officials, say the following: if you put 69 white balls in one hype and 26 red balls in another, the odds of correctly guessing what the five white balls will be and what the red ball will be Which will be drawn is one in 292.2 million.

How do these probabilities compare?

Based on the National Census figures for 2014, these probabilities are one in 317 million. And the odds of winning the Powerball are about the same as if you flip a coin and 28 consecutive times it ends in the face, according to a New York mathematician. A vending machine for candy or soft drinks is more likely to be killed (one in 112 million) or, as the cliché says, lightning breaks (one in a million, although slightly higher in Florida).

This week, everyone is playing Powerball, but how is the game in general?

The game is in decline. In Florida, for example, ticket sales reached $ 654 million in 2012-13, then $ 459 million in 2013-14, and then $ 375 million in 2014-15. This is a decrease of 42%. At the national level, it is approximately 30% in the same period.

Why is this happening?

Firstly because of what the experts call “fat prize fatigue”. Increasing prizes are needed to generate interest. Will TV stations and occasional Powerball players fill stores and supermarkets next time the jackpot is only $ 500 million? Another explanation is that people who need instant gratification and can not wait for sweepstakes that are done twice a week can buy the so-called Scratch-Offs.

 

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How the prize has become so great?

To counter the drop in ticket sales, the game became more exciting making it harder to hit the jackpot, which equates to more accumulated and more juicy prizes. On October 7, 2015, 10 more white balls were added and nine red balls were removed to make the odds of winning more difficult: instead of one in 175 million it is now one in 292 million.

Any advice?

Not to win, but to win more money in case you hit all the numbers. Most people often play birthday and anniversary dates, so numbers one through 31 are played more often. So if you pick those numbers and win the prize, you’ll probably have to share it. Hence, it is no surprise that no one has won last Saturday: three of the five white balls were numbers greater than 31.

Does Powerball help the state?

Although Powerball is a national game, ticket revenue stays in Florida. The Powerball draws 50 percent for prizes, so every time you buy a $ 2 ticket, a dollar goes to the Florida Education Fund. Parents of high school graduates since 1997 can thank the lottery for the Bright Futures scholarship.

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How much of the state lottery is Powerball?

About seven percent. The Scratch-Offs account for 66% of the $ 5,580 million Florida Lottery business in 2014-15. The Powerball, Lotto, Fantasy 5, Play 4 and Cash 3 are each between five and seven percent.

Of the 14 people who won the Powerball last year, two were from Florida. Tell me about them

Actually, a person and a half. Orencia Barzey, a Lauderhill resident, made $ 80 million on June 20 thanks to a ticket he bought at a Plantation mini-market; A $ 80 million winning ticket was sold in McDavid, a suburb of Pensacola, on the border with Alabama (which does not have Powerball). And Alice Dawson, of Frisco City, Alabama, won the award.

Since when does the Powerball exist?

The Powerball began in 1992 as a version of Lotto America. Florida began participating on January 4, 2009. We have the distinction of being the state that has had the biggest winner: on May 18, 2013, Gloria C. MacKenzie won the $ 595.5 million jackpot with a ticket she bought at A Publix supermarket in Zephyrhills. MacKenzie, 84, chose a one-time payment of $ 370 million instead of the annual payments that are made over the years.

I know the odds of winning the jackpot are about one in 292 million. Can I win a smaller prize?

The odds of winning a Powerball prize are about one in 24. Players earn $ 4 even if they only hit the Powerball number. They can win $ 50,000 if they hit four white balls and the Powerball. If you hit five white balls, but not the red ball of the Powerball, you can win a $ 1 million “consolation” prize.

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Can I buy each combination of tickets?

It does not make sense from the financial point of view. To be able to cover the 292.2 million possibilities, you would have to spend $ 584.4 million ($ 2 per ticket) to ensure that you will get it right. But if there is only one other winner, then he would have to share the $ 1.4 billion. And if there are two winners or more, you would lose hundreds of millions. You should also keep in mind that the $ 1.4 billion is based on annual payments for 29 years. A single payment is two thirds that amount.

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