Lottery players testing their hazard on Mega Millions and Powerball inwards the US hold been instead unlucky so far inward 2024.
At this time last-place year, the Mega Millions jackpot had been won trio times. The Powerball jackpot had been bang twice by the final stage of March 2023.
So far, 2024 has been rather a different story for players of the country’s ii most popular drawing games.
No Mega Millions player has master the single inward 302,575,350 betting odds of matching all fin drawn white-hot numbers and the gilded Mega Ball to exact the jackpot through and through the number one 71 days of 2024. The Powerball jackpot hasn’t been hit since Jan 1 when a fine sold in Michigan won an annuitized pre-tax jackpot worth $842.4 million.
Powerball has gone 30 drawings without a fine matching the quintet white-hot numbers and cherry-red Powerball. Mega Millions’ jackpot-less streak stands at 26 drawings.
Mega Millions is played on Tues and Friday, piece Powerball is drawn on Monday, Wednesday, and Saturday.
Jackpots Charles Frederick Worth Almost $1.3B
Tuesday night’s Mega Millions drawing comes with an advertised jackpot of $735 million. Midweek night’s Powerball draftsmanship has a pinch treasure worth an estimated $559 million.
Both amounts are pretax and based on the victor opting for the full economic value of the jackpot paid come out o'er a 30-year annuity. The annuities are investments based on bonds issued by the US Treasury.
The one-time chunk hard cash options are, respectively, worth an estimated $356.7 1000000 and $273.3 million. Again, those amounts are before federal and, possibly, state taxes.
While the jackpots hold evaded players, lottery officials say the runs haven’t been fruitless.
Mega Millions officials revealed that since the jackpot was cobbler's last won on December 8, in that respect experience been over 18.5 trillion winning tickets at all nonjackpot appreciate levels. Those tickets have won varying prizes from $2 to $4 million. The winners get come in from 17 participating states.
Powerball reps say more than 709K tickets won some sort of prize during the game’s drawing on Mon night. The winning puddle was highlighted past a lucky player inward VA winning a $1 one thousand thousand prize by matching all 5 whiteness numbers but non the cerise Powerball.
The odds of winning the Powerball jackpot are somewhat better than Mega Millions at unity inwards 292,201,388.
Lottery Industry Maintains Growth
Despite US residents having access to to a greater extent gaming options than ever so before, whether it be online sports betting, iGaming, or new brick-and-mortar casinos, the lottery manufacture has maintained its growth trajectory.
The Frederick North American Association of State and Provincial Lotteries reports that US drawing sales totaled to a greater extent than $113.3 1000000000000 during the 2023 fiscal year. That represented a 5% step-up from the 2022 financial year.
Last year, the Florida Lottery sold more tickets than any other res publica or jurisdiction in North America. Lottery players inwards the Sunshine State bet about $9.8 one thousand million on lottery games. FL participates in both Mega Millions and Powerball.
The world-wide lottery industry is forecast to expand at a chemical compound annual growth rank (CAGR) of nearly 10% through 2028. That’s according to the 2024 Lottery Global Market Report compiled by The Business Research Company, an India-based data intelligence agency firm.
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