General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAnd in the world of Powerball...............
58 Minutes Ago
DES MOINES, Iowa (AP) Look for Powerball jackpots to get even smaller as the new coronavirus keeps more people at home, not out buying lottery tickets, officials said Thursday.
It was only last week that the Powerball Product Group announced it would cut guaranteed jackpots in half and reduce the minimum amount the big prize could grow between drawings. On Thursday, the organization said it would toss out even those guarantees and instead decide new jackpots and increases prior to each drawing.
Besides a drop in sales, declining interest rates also have limited the organizations ability to fund bigger prizes, said Gregg Mineo, chairman of the Powerball Product Group Chairman and director of the Maine Lottery,
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, Mineo said in a statement. In response to the public health crisis, interest rates have declined. As a result, additional game sales are necessary to fund comparable jackpot amounts.
https://apnews.com/8cdd378be5574a0913945e032f708efa
Less people playing the better your chance's........................not.................
oasis
(49,376 posts)of over $600 have to mail in their tickets for payment.
I can't see someone who hit for $10, $20, or $30 million, sending a life changing winning ticket through the postal system.
rickford66
(5,523 posts)marble falls
(57,077 posts)Chainfire
(17,530 posts)of people who usually buy lottery tickets are now pissing their money away on food.