Brief History of: Powerball Lottery
The American dream can be obtained in many different ways. Rags to riches stories are fascinating. Winning the lottery is one way, albeit unlikely, to potentially turn someone's Cinderella dreams into a reality. However, perhaps no game can be as life changing as the Powerball Lottery. Lower odds and higher prices make this the most allusive yet rewarding game in the country. So, here is the brief history of the game that is nearly impossible to win.
In 1992, the Powerball lottery became the first game to use two drums to draw numbers. This allowed for higher jackpots and more potentially prize tiers for players. The game started with seven states and D.C selling the tickets. Currently, only six states are not selling Powerball tickets. The game has grown out of the massive jackpots and vast participation from new states and regions over the years.
Seven of the top ten largest recorded lottery jackpots have come from the Powerball game. Winners are given an option of receiving a lump sum payout or an annuity over 30 years. A jackpot in 2016 totaled nearly 1 billion dollars in cash value, and three winners took home over 300 million dollars each. The largest cash amount given for one ticket was 378 million dollars. This type of win may not put you in the Bill Gates category, but you would be fiscally equal to Adam Sandler.
You will often hear people say the odds of that happening are like winning the lottery. Well, Forbes magazine gave a list of some things more likely to happen than winning the Powerball jackpot. The odds from a single ticket are 1 to 292.2 million. Some things that are more likely include becoming an astronaut, becoming the president, and being injured by a toilet. Obviously, we all have some fingers to cross and some wishes to make.This article hopefully shed some light on the lottery's highest risk, highest reward game. Maybe the odds aren't great, but somebody has to win right?