Powerball jackpot increases to $1.5 billion

The chance of winning the grand prize is one in more than 292 million. Since this jackpot run began in November 2015, Powerball alone has generated almost $5 million in dividends. The Texas Lottery Commission expects that number to increase exponentially as we get closer to Wednesday’s drawing.

While he’s won big at an Orlando Knightly Spirits liquor store so many times they sell copies of his book, he says location really has nothing to do with it. The signs were designed with millions – not billions – in mind. Billboards throughout the country aren’t made to show a billion jackpot, so many just read $999 million. The Pennsylvania Lottery has sold 17 jackpot-winning Powerball tickets and two jackpot-winning Mega Millions tickets. The jackpot of over a billion dollars is so big that billboards around the country have to advertise the prize as $999 million because they’re not built to show billions.

Powerball officials will allow you to purchase all possible combinations, but it isn’t a smart thing to do.

So Powerball is not the lottery to play if you care about making a good investment.

Plus, if someone else matched the winning numbers, too, you’d have to split the prize.

But there are smaller prizes to be won.

You are reading news and information on LongIsland.com, Long Island’s Most Popular Website, Since 1996. The lump sum for Wednesday’s drawing is estimated at $806 million. The odds of taking home the 2nd place prize are 1 in 11,688,053. But according to a CTVNews.ca report, border officials have been warning some Canadians about a law that forbids importing “immoral articles”, such as lottery tickets.

“The reason we’re at this astonishing point in our history is because of our players”, said Kentucky Lottery President and CEO Arch Gleason. “It only takes one ticket to win, and every ticket purchased has the same chance as each of the other tickets”.