Powerball Increases...Again!

Posted: Jan 12 2016, 7:34pm CST | by , Updated: Jan 13 2016, 9:13am CST, in News | Latest Business News


Powerball Increases...Again!
Photo Credit: Getty Images

It seems like, going into the big day, the Powerball lottery keeps growing and growing. While the amount of money already smashed a world record, it is now looking to be over $1.5 billion. That means that, if there is a single winner, that person could get a lump-sum payment of nearly $930 million.

"Jackpot increased because of yesterday's strong sales," Kelly Cripe, director of media relations at the Texas Lottery Commission, said in a statement announcing the higher estimated payoff.

The Powerball is played in 44 states, the U.S. Virgin Islands, Puerto Rico, and the District of Columbia. Not a single person has correctly selected the six numbers that have been required to win the jackpot since November 11, 2015.

While demands for the tickets have been extremely high, with some players waiting hours by machines, it is expected that the payoff could go even higher before tomorrow night's drawing at 10:59 p.m. ET.

"People are buying hundreds at a time. We've sold more than $1,000 worth of Powerball today, and it's still early," said Amin Haffar, owner of a Citgo service station in Chicago suburb Oak Lawn.

As of right now, a single $2 ticket has a one in 292.2 million chance of winning that grand prize. For a point of reference, you have a one in 700,000 chance of being killed by an asteroid in your lifetime.

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The Author

<a href="/latest_stories/all/all/46" rel="author">Noel Diem</a>
Noel passion is to write about geek culture.




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