Powerball jackpot reaches $1.23B as long odds mean lots of losing, just as designed
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April 5, 2024
Powerball will match a record for lottery drawings Saturday night with a stretch of more than three months without a jackpot winner.
It's that string of futility that has enabled Powerball's top prize to reach $1.23 billion, the 8th largest in U.S. lottery history. And it's a sign that the game is operating exactly as designed, with long odds creating a massive jackpot that entices people to drop $2 on a ticket.
It means no one should ever expect to match all six numbers and hit it rich, though it's likely someone eventually will.
ABOUT THOSE ODDS
The last time someone won the Powerball jackpo...
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