The Powerball jackpot is about $ 450 million.
We did mathematics to see if you should buy tickets. The Powerball jackpot for Wednesday evening is up to $ 448 million.
This is a huge award. However, taking a close look at the underlying math of the lottery reveals that buying a ticket is probably a bad idea.
Consider the expected value
When trying to evaluate the outcome of a risky, potential event like the lottery, one of the first things to look for is the expected value.Powerball jackpot climbs to $495 million
For the next Powerball drawings, Jackpot stands at $ 495 million after matching all six numbers on Wednesday night.
The award is the eighth largest in the history of the game.
David Burden, President of the Powerball Products Group and Chief Executive Officer of the New Mexico Lottery, said in a news release, "Jackpot Excite Roll On." "Only one $ 2 Powerball game can be any of this huge jackpot or eight other price levels."
According to lottery officials, Jackpot, which starts at the end of December, has produced 33 tickets, which have won $ 1 million and 8 million tickets.
The winner's number, white balls 18, 36, 45, 47, 69, plus Powerball 14 and the Powerball multiplier 3X were for the drawings announced by the California Lottery.
Lottery officials said that there are nine ways to win in Powerball and whoever buys tickets for Wednesday drawing, he can still win the prize of $ 4 to $ 2 million.
Two tickets in New York match all five white balls but match the red Powerball. And a ticket in Florida matched all five white balls and doubled the award to $ 2 million as the ticket included the power play option for an additional 1 1.
According to the lottery officials, total prize winners totaled 1.4 million won tickets.
Powerball tickets are sold in 44 states, Washington, DC, Puerto Rico and the American Virgin Islands. The draw is held every Wednesday and Saturday at 8 a.m. Pacific Time.
The probability of winning a jackpot per game is 1 in 292,201,338.
The lottery fever captured the country in October last year when the Mega Millions jackpot reached a record level of $ 1.5 billion. The holder of the winning ticket, which was sold in South Carolina, came forward to claim the prize only last week only.
Close to home, 11 workers at the Wells Fargo branch in San Jose split $ 543 million mega million jackpot in July last year. The winning ticket was sold at Ernie's alcohol in San Jose.
Hebuteensp site, we will keep telling you the latest updates to Health Business Technology Entertainment and Sports.