A $475M Powerball jackpot is undoubtedly going to get far bigger ahead of Saturday’s drawing, one of a few unusually high lottery kitties in the past year.
The $475M Powerball jackpot is a result of last night’s $360M drawing — one that did not see any winners despite increased increase in ticket purchases.
Already, the $475M Powerball jackpot is the second-largest Powerball amount recorded thus far, and changes made to Powerball draws have precipitated the faster-growing, massive fortunes we keep seeing.
Mary Neubauer, spokeswoman for the Iowa Lottery, explained why it seems that every few weeks, a news-makingly huge Powerball jackpot occurs:
“It usually took a handful of months, if not several months, for a jackpot to reach this large amount … Now it’s achieving that within a handful of weeks. I think the redesign is achieving exactly what we had wanted it to achieve, which is the bigger, faster-growing jackpot.”
In 2012, the $475M Powerball jackpot type fever struck when two huge draws made headlines — a $656 million Mega Millions jackpot and $587.5 million Powerball jackpot respectively were struck by lucky lottery winners. In March, a New Jersey man scored a $338.3 million jackpot draw, the fourth largest in Powerball history.
Tempted by the $475M Powerball jackpot this weekend?
While it hasn’t reached the plus $500M zone just yet, bigger jackpots tend to grow rapidly and increase as draw dates approach and interest in the huge wins is precipitated by media coverage.
It’s likely that ahead of this weekend’s big draw, the Powerball jackpot will increase again by several millions of dollars, and the $475M Powerball jackpot will soar far larger — perhaps threatening the old record set in 2012.
As the $475M Powerball jackpot approaches, do you plan to pick up a few tickets and try your hand at the oversized win, or are the chances too infinitesimally small to consider it?