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.