What are the odds of winning the Powerball jackpot?

The Powerball jackpot climbs to a record-breaking $1.6 billion


The Powerball jackpot climbs to a record-breaking $1.6 billion

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The odds of winning power ball The jackpot is 1 in 292 million, and according to one expert, there isn’t much a player can do to increase those odds.

Sure, buying multiple tickets at once slightly increases a player’s odds, but this strategy also requires more upfront spending while risking having to split the payout with another winner, Harvard University statistician Mark Glickman told CBS News.

“Even if you buy 50 tickets, chances are you’re still losing and not winning the jackpot,” Glickman said. “In fact, the chance of winning even $4 playing is still pretty slim.”

The Powerball jackpot grew to one an estimated $1.6 billion Friday, officials announced. If the estimated number holds after Saturday night’s drawing and someone wins the grand prize, it would set a new record for the biggest lottery win of all time.

A winner has the option of receiving the prize as a pension over 29 years or as a lump sum payment of $782.4 million, officials said.

The jackpot has eluded players since August 3, the last time anyone matched all five winning numbers and the Powerball. The winning numbers in Wednesday night’s draw were 2, 11, 22, 35, 60 with a Powerball of 23.

Do “lucky numbers” work?

Of course, the odds of one person winning everything are infinitesimal. Statistically, a Powerball player has a much greater chance of being attacked by a grizzly bear in Yellowstone National Park — about 1 in 2.7 million, according to the National Park Service — or finding a blue lobster in the ocean (1 in 2 million) . ).

Huge lottery jackpots have become increasingly common in recent years as lottery officials adjust game rules and ticket prices to boost top prizes. The latest change came in August, when Powerball officials added an additional draw day – from two draws a week to three – to boost lottery ticket prizes and sales.

Glickman said the best number-picking strategy is to have no strategy at all. A computer randomly generates the winning numbers, so it suggests avoiding techniques like picking numbers tied to a birthday or anniversary. It’s better to use a random ticket number generator — also known as quick picks — because those machines are a better fit for what the Powerball might be doing, Glickman said.

“The best thing you can do is be level-headed [and] Don’t buy too many tickets because you’re wasting your money,” he said. “The key is to randomize your selections, as this reduces your chances of sharing the money with other people.”


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