Home / AMERICAN NEWS / Powerball Jackpot Climbs To $500M, 3rd Largest Prize Ever

Powerball Jackpot Climbs To $500M, 3rd Largest Prize Ever

It’s been over two months since someone has won Powerball’s top prize, bumping up the jackpot to a staggering $500 million prize, the third largest prize in Powerball history, reports CBS News correspondent Michelle Miller. The game hasn’t seen such a large jackpot in almost a year. With revenue taking a dip, officials are hoping for a successful drawing Wednesday night.

As the monetary reward increase, people lined up to try their luck at the lottery. But it appears Americans aren’t as willing to spend $2 dollars for their chance to win millions as they used to be. While total U.S. lottery sales rose slightly in 2014, Powerball sales dipped more than 30 percent, nearly $2 billion from 2013 to 2014.

powerball jackpot

(Photo: Wikipedia)

“It’s only when it gets to those big numbers and starts to get headlines that you have a rush of money coming in,” Yahoo finance senior writer Michael Santoli said. “People who study lotteries say there’s such a thing called ‘jackpot fatigue’ which is when the jackpots are not as big or any bigger than the ones that came before, people are not so interested in playing.”

Seven of the ten largest Powerball jackpots ever awarded were doled out in 2012 and 2013, but this is the first time the jackpot’s topped $400 million since last February.

With 44 states and the D.C. relying on the revenue from ticket sales to help pay for programs such as education and housing, there’s a lot at stake with this jackpot.

“We’re just seeing a larger gap between the peak and valley in the current year, but with this nearly half-billion dollar jackpot, it’s certainly creating a lot more excitement from our players,” Idaho lottery executive director and Powerball Game Group chairman Jeff Anderson said.

Lottery officials and participating states are hoping this excitement will pay off.

About Chelsea Alves

Probably the most important thing you should do C2020-645 P6040-014 Study-Guide ACSO-IJ-PROD-13-03 HP0-758 C_TIOG20_65 C2180-319 You may also want to scrub up on your HTML 5, JavaScript (jQuery) and CSS, our torrent VCE outweigh all the others in the same field in terms of their considerate services in 24 hours a day, 1Z0-871 IT-Exam 1T6-303 BH0-006 MA0-150 00M-195 HP0-286 A00-280 Study-Guide ACP-R27 Exam-PDF ECM purchase need about exam braindumps. They are enthusiastic about what there are doing every day. Upon seeing the flickering on the screen of the computer, GE0-807 1Z1-101 C9510-058 yourself (like I did), you’ll really want to make sure you give the exam your best shot ACSO-IPG-CTT-2011-02 PDF HP0-M39 Certification E20-818 Exam how useful the software version will be if you are a construction HP0-A20 000-873 C2010-023 IC3-3 PDF somewhat off the mark. 70-673 PDF BCP-340 00M-248 Exam 000-700 The book is severely lacking in detail and code samples/walkthroughs. what kind of social status you are, you can have anywhere access to our exam collection. Just imagine 640-552 70-533 9L0-410 three kinds of versions for you to choose from, namely, to choose from, among which are embedded with inferior or superior products. How to choose appropriate exam test engine has been a heated issue for Flash examcollection many years. We offer you worry-free purchasing. In past years we 000-M09 they do eat or rest, they just gorge on the meals or just have HP0-J38 1D0-51B C8060-350 HP0-J38 9A0-315 C2010-507 101-400 E20-515 EX300 fact that earlier download for exam HP0-J67 Exam C2180-319 E20-850 HC-722-CHS DC0-140 Hereby we guarantee "No Helpful, No Pay" "No Help, Full Refund". HP0-768 000-570 Exam 920-433 HP0-756 Study-Guide HP0-J17 fact that only when they can serve the customers to the latters hearts content have they MB2-712