Here’s a rundown of billion-dollar lotto prizes. The annuity would pay out an average of $30.3 million per year over 30 years pretax. The current cash value for Friday’s estimated $910 million jackpot is actually $464.2 million, pretax. “These changes achieved their intended effect, significantly impacting the odds of hitting the jackpot and giving prizes a chance to more frequently grow,” says Akshay Khanna, CEO of, which sells state lottery tickets. Officials worried there was waning interest in the game and the larger pots would entice more people to buy critics say the rule changes are unfair to players. The odds of winning the top prize changed from one in 258,890,850 to one in 302,575,350. Powerball players have a one-in-292-million chance of winning the jackpot.Ī couple of years later, Mega Millions rules were similarly changed to make jackpots pay out less frequently. That means the top prize keeps rolling over drawing after drawing, growing bigger and bigger in the process. Officials changed the number of balls to draw from, making it easier to win smaller prizes but harder to win a bigger pot. The Multi-State Lottery Association, which operates Powerball, changed the rules in 2015. It might seem like a crazy coincidence, but the larger jackpots are actually by design.
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