Powerball jackpot reaches $1.23B as long odds mean lots of losing, just as designed.

Powerball's top prize reaches $1.23B, the 8th largest in US lottery history, due to a winless streak of more than three months without a jackpot winner. The long odds create massive jackpots that entice people to buy tickets, even though no one is expected to match all six numbers and hit it rich. Lottery officials set the odds to create these large jackpots.

April 04, 2024
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