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Online Casino Conditions >>> Betting News >>> June '07 News


PowerBall Jackpot on the Rise, But Still Has a Long Way to Go

by Adela Goodwin, News Staff
Writer      Bookmark with del.icio.us
June 02, 2007
 

Powerball interstate lottery officials were trying - rather in vain - to push this week's mediocre jackpot of $25 million. Granted, twenty-five million dollars is nothing to frown at, particularly if you have bills to pay and sixty-two dollars in the bank. But let's face it - Most people don't start flocking to their bodegas and 7-11's until the Powerball jackpot is somewhere upwards of one-hundred million, which is precisely why the jackpot often grows to these heights without interruption. There simply are not enough players in the formative weeks to overtake the high odds of hitting all five numbers plus the lone Power Play number.

There were the hardcore lottery players out in full force even last week, as 323,317 people ended up collecting a week's bounty of $2.1 million. The largest prize went to a Pennsylvanian who matched all five of the non-Power Play numbers and brought home an attractive $200,000 as a  Memorial Day weekend party favor.

Twelve other people were able to secure $10,000 each, when they matched four numbers. The happiest our of this lot were four players who not only matched up four numbers, but also landed the Powerball number, thus doubling their winnings into a $20,000 jackpot.

From the looks of it, the odds of hitting the Power Play option are pretty good with almost a quarter shy of one-hundred thousand people having the good fortune of doubling their winnings. The number 36 just happened to be selected for this drawings particular Power Play option, which awarded a 5x multiplier.

Even with the more meager jackpot, the Powerball interstate lottery is in no way hurting for players, despite what their press release may belie. $14.9 million worth in tickets were sold last round alone, while a cool $2.8 billion was pulled in by the lottery last year alone, $800 million which went to State education and public works projects.

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