Powerball is about to match a record for lottery drawings with a stretch of more than three months without a jackpot winner. It’s that string of futility that has enabled Powerball’s top prize to reach $1.23 billion for the next drawing Saturday night.
It’s that string of futility that has enabled Powerball’s top prize to reach $1.23 billion, the 8th largest in U.S. lottery history. And it’s a sign that the game is operating exactly as designed, with long odds creating a massive jackpot that entices people to drop $2 on a ticket.
It means no one should ever expect to match all six numbers and hit it rich, though it’s likely someone eventually will.
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The last time someone won the Powerball jackpot was on New Year’s Day, when a player in Michigan hit an $842.4 million jackpot.
Source: Powerball jackpot reaches $1.23B as long odds mean lots of losing, just as designed
