Powerball Scraps Minimum Starting Jackpot

  • October 31, 2020 5:50 AM PDT
    Powerball will no longer have a guaranteed minimum starting jackpot or
    minimum rollover increases, beginning after the Wednesday, April 8
    drawing.Get more news about [url=https://www.nb68.com/]电子游戏包网[/url],you can vist nb68.com



    Instead, ticket sales and interest rates will be used to set the
    advertised jackpot, the Powerball Product Group of 38 state lotteries
    has announced.The game's previous minimum starting jackpot was $40
    million and the increase between drawings was at least $10 million.



    Only jackpot winners who opt to receive their winnings as a yearly
    annuity will be affected by the change; those who choose a lump sum cash
    payout will not be impacted. The game's other prize tiers are also not
    affected by the change.



    “These changes are necessary to ensure that ticket sales can support
    the Powerball jackpot and other lower-tier cash prizes,” said Gregg
    Mineo, Powerball Product Group Chairman. “Our number one priority is
    making sure that the Powerball game can continue to assist lotteries in
    raising proceeds for their beneficiaries.”



    The new changes override Powerball's previous announcement on March
    25 that it would lower the starting jackpot to $20 million, with a $2
    million minimum increase between drawings.



    The fast-moving nature of the coronavirus pandemic required a new
    response, said Mineo. “Since last week, more states and cities have
    asked their residents to stay at home, which has affected normal
    consumer behaviors and Powerball game sales,” he said. “In response to
    the public health crisis, interest rates have declined. As a result,
    additional game sales are necessary to fund comparable jackpot
    amounts.”Powerball drawings will continue to be held as scheduled on
    Wednesday and Saturday nights. The jackpot currently stands at a
    guaranteed $180 million for the Saturday, April 4 draw. Don't want to
    leave the house? You can still enjoy playing online.



    If there's a rollover on Saturday, the jackpot will increase to $190
    million for the Wednesday, April 8 draw. If the jackpot is hit on
    Saturday, it will reset to a guaranteed $20 million for Wednesday's
    draw, and continue to increase from that point based on sales and
    interest rates.
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