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After drawing the weekend without a winner, the Powerball Jackpot surpassed the Monday night’s painting by $600 million.
With an estimated $655 million, the current Powerball Jackpot ranks among the largest in the year, surpassing the $515 million prize won by tickets sold in California in March. It is also the largest jackpot, as Oregon had secured a $1.326 billion payment in April 2024.
Regardless of the size of the jackpot, the chances of winning the grand prize will remain the same. According to the Florida Museum of Natural History, there is a greater chance of being attacked by sharks, being hit by lightning (less than one in a million people) or even a big victory on the same day.
There are ways some lottery players swear, such as playing hot or cold numbers, or playing specific number combinations. However, all numbers have the same slim victory potential. He even subtracts the same numbers into two drawings successively, he said he is a professor at Rutgers University’s Faculty of Arts and Sciences and chair of the Department of Statistics in New Brunswick.
There are other ways lottery players use to increase their chances of winning, such as Lottery Wheeling. Select a group of numbers, play any combination or permutation of those numbers, or select numbers you have recently chosen or have not made. Some people also try out the Delta Lotto System, which uses a bit of math to reduce the number you choose, but many notes are not taken into consideration.
But remember, every draw has the potential to win the Powerball jackpot.
If you really want to guarantee a jackpot victory, there are simple yet expensive ways to win big. It’s about buying more tickets.
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For example, if you buy 100 tickets, it’s not one in 292.2 million, but about one in 2.92 million. Andrew Perry, a professor at Springfield College, explained to WWLP on Nexstar.
To guarantee your victory, you will need to buy exactly 292,201,338, all in a different number combination. It’s easy isn’t it? Each draw is $2, so we only return $584,402,676.
With a cash value of $273.4 million, if you buy all possible combinations and win a jackpot, you’ll still be around $311 million. And it does not account for the tax qualifying your award.
The pensioned options are estimated at $655 million, but they will also be much less due to taxes, and payments will be diversified over the next 30 years. According to an analysis by USA Mega, even in states without lottery tax, even people without lottery tax, pensioned total payments can even reach $400 million.
“No matter how much you play, you’re likely to lose all your money. I advise people not to risk the money they can’t afford to lose,” warned Perry.
Luckily there were over 200 Powerball Jackpots that were won by players who didn’t seem to have purchased 292.2 million tickets.
Even if you don’t hit the jackpot, the chances of winning the award are decent. With nine winning methods, the chances of winning while playing Powerball are 1 in 29th. The smallest prize available is $4. Two more Powerball tickets are available to purchase.
Powerball drawings take place every Monday, Wednesday and Saturday at 10:59 PM EST. The lottery game will take place in the District of Columbia, Puerto Rico, and the US Virgin Islands.
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