Winning A Powerball Jackpot Will Soon Be Harder

July 11th, 2015   ·   Add Your Comment Now...

Things are not looking up for Powerball Lottery players – the New York State Gaming Commission which oversees the Multi-State Lottery Association has just decided to change the rules!  They are now allocating just 64% of the money for jackpots instead of 68%.  To be able to do this, the Powerball Lottery will soon use numbers 1 to 69 for the first five numbers and 1 to 26 for the powerball.  The odds of winning a big Powerball jackpot will jump from 1 in 175,223,510 to 1 in 292,201,338, and the odds of winning a $4 payout is now 1 in 92.

Your dreams of hitting it big on the lottery just got worse: from 1 in 175,223,510 to 1 in 292,201,338, to be precise. What’s worse for lottery aficionados? Jackpots will pay out far smaller sums than the record $590.5 million in 2013.

In fact, it’s more likely—a 1 in 92 chance—that you’ll win just $4.

The New York State Gaming Commission, which oversees the Multi-State Lottery Association, decided Monday to change rules to make the lottery more self-supporting. The portion of money being allocated to jackpots will go form 68% of the Gaming Commission’s total budget to 64%.

The changes take effect on 04 October.

Read more in http://time.com/3947810/powerball-odds-jackpot-lottery/

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