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

flag 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. flag 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. flag Lottery officials set the odds to create these large jackpots.

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