With Mega Millions now $ 970 million dollar jackpot on beef. Those with tickets wonder what lavish and expensive things they want to buy, or are they? Buzz60s Mercer Morrison has the story.
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Lottery fever burns through the United States as people in 44 states, Washington, DC, and Virgin Islands scramble to buy tickets for the big money for life – reach a $ 1 , 6 billion Mega Millions jackpot.
And there were no winners in Saturday's $ 476.7 million Powerball jackpot, which dropped the next prize Wednesday to $ 620 million, telling the lottery.
Points of Potential One Percenters have lined up on mini-March and retailers in the past week to test their luck by guessing the winning six-penny combination for a prize that works as a balloon after every "no winner" message.
Sales figures are hard to exaggerate. A local Nebraska newspaper reports that tickets are sold at a speed of around 400 per minute on Friday. And in California, Thursday sold 5.7 million in the first half of the day.
If it seems that the lines have become longer with each drawing or that jackpots have exploded in recent times – that's because they have.
With the next Mega Millions drawings two days away (Tuesday at 11.00 ET), you'll see the numbers.
Why have jackpots become so big?
It was according to design.
Lottery officials began to tamper with the odds in 2015 to reduce the chance of winning a jackpot, which in turn increased the possibility of peak prices to unbreakable levels. As the money grows to the high numbers, an increasing number of skeptics and first-time partners swear to get into the action.
Powerball was the first to try the new formula when it changed the potential number of combinations three years ago. This change reduced the odds of winning from one in 175 to one of 292 million.
Mega Millions, which has existed since 1996, followed a similar move in October 2017, worsening the odds from one of 259 million to one in 302 million. Mega Millions also doubled the ticket price from $ 1 to $ 2 and has seen three of its six biggest payouts since they made the changes.
As the pot grows in size, people are more likely to buy more tickets. The process continues every week until one or more people guess the winning combination.
"I'm surprised nobody won the last round honestly," said Chris Byrne, a professor of management information at San Diego State University, referring to Friday's drawing.
"It was over 800 million ticket purchases to make the pot over $ 1.6 billion. It's quite shocking that no one had the exact combination."
Byrne said he thinks that Tuesday's drawing almost will give one or more winners.
How can I increase my chances of winning?
You could buy a ticket with each of the possible six-figure combinations. That's if you can afford it.
"If you want to guarantee a win, it will cost you around 600 million dollars," said Byrne. "Even if you won, you had to share the win with someone else who guesses the correct numbers. So, good luck."
Does it mean I should not play?
It depends what you're playing for, O & # 39; Byrne said. "You have a better shot turning a coin and landing your heads 28 times in a row than winning."
But if you get something out of it – even if it's just a fantasy – it may be enough to join the long lines.
"I invest $ 2 in the ability to dream how I would spend the money until Tuesday night. It's a cheap price to pay for it," said Byrne. "The potential return on your $ 2 at this point is also better than when the lottery started at $ 40 million. So that's it."
Follow Dalvin Brown on Twitter: @Dalvin_Brown
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