Newest PowerBall Update

PowerballThe mass media want to warn all, who play lotteries often, that now chances to have winnings in Powerball will be smaller.

But such a news is not only bad, because in such a situation each person will have bigger chances to win at all, even a small sum.

The lottery is played in 36 states all over the country. And now they tried a chance to make more people win at least something instead of making only a couple of people win huge sum.

The biggest winning ever in the lottery was about $590.000.000. It was in 2013. But now there will be no such winnings, but the chances to win will increase practically twice.

One in every 90 or 100 people will be able to win at least $4. The chances are really high. On the 7th of October there will be a drawing, where the new rules will be introduced.

It was said by the commission in their report that such rules were changed to make it more difficult to win the main price, but make it easier to win smaller prize.

The board meeting was held on Monday, where these new rules were approved. They were commented on that such rules will help the lottery itself and the players. With these rules the sum of money, which goes to the main prize will decrease for 4%, but instead of it the percentage of money for smaller prizes will become bigger.

One of the members of the commission said at their last meeting that the closest drawing, which will be held on the 7 of October, will be held with these new rules. The rules in their turn, will start working a couple of days earlier.

He told us that by decreasing any chances to win the biggest sum they try to increase chances for everybody to win at least something.

Also he explained these changes. They need to do something because the sales of tickets decreased for some time and the situation must be changed. They think that if they give more people chances to win smaller prizes, they will buy tickets more.

Now with the new rules 1 in twenty five people will have the winning. But earlier the number was only 32.

Powerball LotteryNo one knows what happened if the rules are not changed. It was a possibility that the Powerball would lose its positions and would not be able to work in the previous regime. So the changes were necessary for its further existence.

The rules of the lottery are rather simple. A player need to buy a ticket, which cost only $2. At the drawing there are two sets. In the first one a player should choose five balls. Then he needs to choose one more from the next set.

In the first set it always have been 59 numbers, but with the change of rules there will be 69 numbers to choose from. But in the second set it will be less numbers – 26 instead of 35. But together with it the chances to win the prize of the lowest level will increase, so as the prize – now it will be $50.000 instead of only $10.000.

The previous year the sales of Powerball became lower by 19%. The situation was so, because the lottery did not provide very big jackpots. The similar situation happened sometime with another famous lottery, Mega Millions, and the reason was the same.

The Commission had a meeting in February, where they came into conclusion that the sales become smaller because they do not offer people more or less fixed winnings.

Now the lottery tries to teach people a habit of not focusing on only huge winnings, but be ready to get smaller sums of money more regularly.

Last year the state provided a new lottery, where huge sums of money were earned. At the same time another small lottery busted last year because of poor sales.

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1 Response

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