NY State lottery commissioners approved a new project that would change the Powerball jackpot odds. According to the lottery officials, the odds of hitting a top prize will decrease while the odds of winning smaller amounts will go up.
Billion-Dollar Jackpot Isn’t Dream Anymore
Starting from October 7, the rules governing the multi-state Powerball lottery will be changed. The already-long odds of hitting a jackpot will get even longer. However, there’s some good news for lotto players – jackpot amounts will get significantly larger and can even reach $1 billion. So America’s first $1 billion jackpot is not a question of “if” anymore, but of “when.”
Such changes in a Powerball jackpot are caused by the Power Play option, which will multiply winnings 10 times. At the moment, the option allows multiplying a winning value by five.
The current odds of winning the Powerball jackpot are 1 in 175,223,510; these will rise to 1 in 292,201,338 in October. According to the new lottery rules, players will have to choose five numbers out of one set of 69 digits and one number from a set of 29 additional digits. For information, in the current lottery version, the first number set consists of 59 numbers and the second set is of 35 numbers.
The NY Gaming Commission, which watches the Powerball, says lottery ticket sales have considerably declined, due to no huge jackpot has been won in over a year. New changes in the lottery policy will focus on more consistent jackpots to increase sales, which will keep the Powerball game active.