Powerball is one of the most prestigious lotteries in the world with some of the largest jackpots in the world. In fact, the Powerball has a record-breaking $1.586 billion jackpot that was won on January 13th, 2016. The winning tickets were sold in California, Florida and Tennessee, meaning that each player was entitled to a staggering $528.8 million.
Most of us wouldn’t even know what to do with that kind of money and it’s certainly a life-changing amount. In fact, it could even change the lives of several people, not just your own!
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How exactly does the Powerball jackpot get this high? What causes the amount to increase to such immense records? Powerball itself only starts at a jackpot of $40 million, so that’s a serious increase all the way to the record-breaking $1.586 billion! In this article, we’re going to talk about why the Powerball jackpot increases and how you can get in on the action to potentially win your share of a billion-dollar jackpot in the future.
It’s all in the ticket
You pick six numbers out of 69 or you can choose the quick pick option where your numbers are generated for you. Many people like to pick numbers that are meaningful to them, but an online Powerball lottery can offer you the convenience of picking random numbers for you if you’re having a hard time deciding.
Rollovers help grow the jackpot
The main reason for the growing jackpots is the rollover rule. When a Powerball result does not produce a jackpot winner, it rolls over to the next Powerball draw. Of course, any lower prizes are paid out, but the jackpot will continue to grow larger and larger.
A side effect of the jackpot rolling over is that more people tend to play more. Just think; if the jackpot suddenly says $1 billion, who wouldn’t want a chance at winning it? This also increases the number of tickets people buy as well. Since you’re more likely to purchase one or two more tickets just to boost your chances of winning, it also means that the jackpot grows faster.
These factors combined are what lead to an incredibly large jackpot. This is how jackpots can rise to over a billion dollars, and it happens more likely than you think!
Are you ready to win your share of a massive Powerball jackpot? Play Powerball online now and you could!
This article forms part of our Powerball Resource Centre.