Big changes are coming to Powerball that will make it much harder for you to win the big prize.
If you’ve got dreams of winning many millions of dollars by playing Powerball, there’s some unfortunate news for you: the odds just got worse.
But there is a silver lining: you are more likely to win a smaller prize, just don’t expect it to change your life, according to a Gannett report.
About 36 states that participate in the multi-state lottery known as Powerball are enacting new rules that will affect your changes at winning the top prize albeit increasing overall chances that you’ll be a winner, with the odds of winning the jackpot increasingly dramatically: from 1 in 175,223,510 to 1 in 292,201,338.
Not that you were likely to win that massive pot of money anyway — it hit $590.5 million in 2013 — but that’s a tough pill for Powerball players to swallow.
But then again, since your chances of winning the jackpot were practically nil anyway, perhaps it’s better that you now can win smaller prizes. The odds of winning a quick $4 has increase from 1 in 111 to 1 in 92.
The new rules will take effect on Oct. 7.
The rules will make the game more sustainable, officials believe, with the percentage of money that goes to the top prize dipping from 68 percent to 64 percent, allowing for the increase in smaller prizes.
Powerball is sold by 47 different lotteries in 44 states plus Puerto Rico, the U.S. Virgin Islands, and the District of Columbia. This multi-state lottery collects all the money into one lottery pool, through which one jackpot is awarded plus a variety of smaller prizes. The minimum advertised jackpot is $40 million, with jackpots often reaching into nine figures.