The Ottumwa Courier

AP National

September 18, 2013

Six facts about the Powerball jackpot

DES MOINES, Iowa (AP) — The latest Powerball jackpot is estimated at $400 million, and it's considered the nation's fifth-largest ever. Here are some things to keep in mind ahead of Wednesday night's drawing.

1. THE ODDS

Remember, a person's odds of winning the jackpot are 1 in 175 million. That's how many combinations are possible with the game's five white balls and one red ball. In this case, there have been 11 drawings since August 10 without a winner.

2. BIG JACKPOTS

A major revamp in January 2012 increased the cost of a Powerball ticket from $1 to $2. It also led to larger jackpots in smaller amounts of time. Of the top 10 Powerball jackpots of all time, nearly half have been recorded after the game change.

3. CONSOLATION PRIZE

Since the revamp, a secondary $1 million prize has made some losers happy anyway. More than 730 people have won $1 million, and more than 120 people have won $2 million through the Power Play option.

4. WHY WAIT FOR THE HYPE?

There's technically no need to wait for a larger jackpot. Whether the jackpot is $40 million or $400 million, your odds of winning the top prize are the same. Whether you buy 1 ticket or 10 tickets, your odds are pretty much the same. A higher jackpot just means there's a higher chance there will be more than one winning ticket.

5. SOMEONE IS GOING TO WIN

The chance of a person's combination being selected remains astronomically high, though the chance that some set of six numbers will be selected is 1. That means even though your chances of winning are slim, the chances that someone else will win are high. Ronald Wasserstein, executive director of the American Statistical Association, said that's what makes people think it could be them. When it's probably not.

6. AGAIN, YOU'RE NOT GOING TO WIN

Text Only
AP National
  • US economy, though sluggish, may now be sturdier WASHINGTON (AP) — Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged. That conclusion, one held by a growing number of economists, might surprise many people. After all, in the f

    July 23, 2014

  • Judges in health care rulings vote party line WASHINGTON (AP) — In rapid succession, six federal judges on two appeals courts weighed in on a key component of President Barack Obama's health care law. Their votes lined up precisely with the party of the president who appointed them. It was the l

    July 23, 2014

  • House, Senate chart separate courses on border WASHINGTON (AP) — Senate Democrats and House Republicans are moving separately to slash President Barack Obama's $3.7 billion emergency spending request for the southern border, but they're unlikely to end up with a deal that could pass both chambers

    July 23, 2014

  • 10 Things to Know for Today Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. THE FINAL DAYS AND HOURS OF FLIGHT 17'S PASSENGERS The Boeing 777 traveling from Amsterdam to Malaysia held the promise of beginnings and endin

    July 23, 2014

  • Agents get subsidized 'Obamacare' using fake IDs WASHINGTON (AP) — Congress will hear testimony Wednesday detailing how undercover investigators used fake identities to get taxpayer-subsidized health insurance under President Barack Obama's law. The nonpartisan Government Accountability Office says

    July 23, 2014

  • Police custody death tests 'Broken Windows' tactic NEW YORK (AP) — Eric Garner, who died in police custody last week after he was put in an apparent chokehold, was suspected of committing the relatively minor crime of selling loose, untaxed cigarettes on the street. The encounter was an unintended co

    July 23, 2014

  • Obama urges immediate access to Ukraine crash site WASHINGTON (AP) — President Barack Obama sternly called on Russian President Vladimir Putin to compel Kremlin-backed separatists to stop hampering the probe at the Ukraine site of a downed passenger jet and allow international investigators unfettere

    July 22, 2014

  • American Jews, other 'lone soldiers' serve Israel JERUSALEM (AP) — The two Americans killed in fighting in the Gaza Strip followed in the footsteps of scores of Jews from around the world who have volunteered to fight for Israel. Israel calls them the lone soldiers: They are men and women in the pri

    July 22, 2014

  • 2008 law unexpectedly at center of border debate WASHINGTON (AP) — A 2008 law to address human trafficking is at the center of the debate over the immigration crisis at the nation's Southern border. The law was passed at a time when fewer than 10,000 unaccompanied minors showed up each year at the

    July 22, 2014

  • Lawmakers face long to-do list, uncertain success WASHINGTON (AP) — A gridlocked Congress failed to do the big things: overhauling the nation's immigration system, reforming the loophole-cluttered tax code and stiffening background checks on gun buyers. Now it's time to see whether it can just do th

    July 22, 2014

Obituaries
Record
Facebook
AP National