Science

Announcing the Winning Numbers for the $1.2 Billion Powerball Jackpot

The winning numbers for Wednesday night’s Powerball drawing were 02, 11, 22, 35, 60 and Powerball 23. It was not immediately clear whether there was a winning ticket.

The fourth biggest lottery jackpot in US history could be the biggest lottery jackpot ever if no one wins the top prize on Wednesday night powerball drawing, jackpot currently sits on 1.2 billion dollars.

It has been 38 consecutive draws without a jackpot winner, as the last person won the big prize on August 3.

jackpot Rises After every draw without a winner and now approaching record $1.586 billion Won by three Powerball players in 2016 another– And third-The biggest prizes went to the players of the Mega Millions lottery game.

“I think it would be closer to being a record if not a record,” said Drew Switko, executive director of the Pennsylvania Lottery. “We have a record $1.586 billion within reach in 2016, but it really depends on a few factors.”

The first factor is the number of tickets sold, and they are running out of lottery machines across the country.

For Monday night’s drawing, 131.6 million Powerball plays were sold, said Anna Domoto, a spokeswoman for the Multi-State Lottery Association that oversees the game. This was 36.3% of all possible number combinations, as millions of players chose the same numbers.

That’s a lot, but given the jackpot winning probability of 292.2 million, it means that about 186 million number combinations were not covered, which is why none won the grand prize.

Although the game’s focus is on a prize of $1.2 billion – that is, the amount for the annuity, over 29 annual payouts – almost all winners choose the cash prize, which will be $596.7 million.

Nevertheless, the advertised prize is based on the annuity, and this is where the second factor determining the jackpot comes in. high interest rates Causes annuities to grow more quickly. Put another way, $596.7 million is funneled into cash investments that will eventually pay off $1.2 billion, and those investments grow exponentially as interest rates rise.

“We use investments to fund annuities to pay that prize, so the investment depends on interest and the degree to which interest rates affect the value of those investments also affects that jackpot. It is,” said Switko.

For some players, it’s not just about the grand prize.

“What’s the fun in that?” Jeff Bennett asked on Monday. “It’s the ability to win, not that you win. It’s the ability – you’re buying hope.”

But even with massive jackpots, not everyone has caught Powerball fever.

“No use,” said a man named Diego. “I mean, you have a better chance of being struck by lightning than winning that lotto.”

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button