The amount of the American Powerball lottery prize pool has not been won for 38 draws in a row, reaching $1 billion on Wednesday.
A phenomenal new prize pool. The amount of the potential Powerball jackpot has just reached one billion dollars on Wednesday, can we read on the site of the American lottery. This symbolic threshold was reached after a 38th draw in a row without a winner and only five months after the record amount of 2.04 billion dollars won by a California resident.
“The Powerball jackpot is now $1 BILLION. The draw will take place on Wednesday, July 19. Visit your lottery ticket vendor to try your luck at the 3rd biggest Powerball jackpot in history” , the California Lottery wrote on Twitter.
The odds of winning the jackpot are 1 in over 292 million, says the Powerball on its site. To do this, you must align the five correct numbers and the “Ball” number, the equivalent of the “chance” number in the French Loto.
Record multiplications
The amount is the seventh-largest jackpot in U.S. history, counting the two major lottery systems, Powerball and its competitor Mega Millions, says the New York Times.
As we already explained in November 2022 when the jackpot had reached 1.5 billion dollars, the Powerball, institution of the American lottery since its foundation 30 years ago, arrives regularly to astronomical sums.
The trend has strengthened since 2012, the year when its organizers decided to switch from a system of two weekly draws to three draws in the week (Monday, Wednesday and Saturday), while increasing the price of the ticket. The initiative neither discouraged buyers nor bored players, so sales soared as the jackpots increased. The first billion was thus put into play and won in 2016.
Source: BFM TV
