Summer is ending but lottery fever is heating up.
The Powerball jackpot is now well above the $1 billion mark, with another drawing set for tonight.
From the Associated Press:
An estimated $1.4 billion lottery jackpot will be up for grabs Wednesday night thanks to dozens of drawings without a big winner.
The massive Powerball prize is the sixth-largest U.S. lottery jackpot. It’s a result of 40 consecutive drawings stretching over the summer without anyone matching all of the game’s six numbers.
No one has won the grand prize since May 31, and the 41st drawing on Wednesday will be just one fewer than the record set last year.
All of that losing stems from Powerball’s abysmal odds of 1 in 292.2 million, though lottery officials note that the odds are far better for the game’s many smaller prizes. There are three drawings each week.
The $1.4 billion jackpot is for a winner who opts to receive 30 payments over 29 years through an annuity. Winners almost always choose the game’s cash option, which for this drawing would be an estimated $634.3 million.
Powerball tickets cost $2, and the game is offered in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
ARLnow has conducted (unscientific) polls for previous billion-dollar plus jackpots, finding…
- 37% of people would continue to live in Arlington after winning
- The top thing people would spend their winning on first is a new local house (a vacation and a vacation house were other top answers)
- A $1 billion or higher jackpot gets 37% of locals who don’t regularly play the lottery to buy a ticket
Today we’re simply wondering whether you’ve bought or are planning to buy a ticket for tonight’s big drawing.
