Operated by the Multi-State Lottery Association, the Powerball is a lottery game that is played throughout 29 states in the United States, the U.S. Virgin Islands, and the District of Columbia. With huge payouts, sometimes as high as 9 figures, the Powerball has become a very popular lottery game. With the payouts increasing when the odds decrease, individuals want to do all they can to get in on a piece of the pie.
The winning jackpot is paid over a period of 29 years. The amount that is immediately paid to the winner is close to half of the winnings. Some of the largest payouts are $365 million, $340 million, and $314 million. It was the March 30, 2005 game that produced 110 second-place winners who all picked the first 5 numbers correctly, but they did not pick the Powerball correctly. The total that was paid out to these 110 people was $19.4 million, which was not at all expected and was dubbed the “Fortune Cookie Payout.” The reason why it was dubbed the “Fortune Cookie Payout” was because all of the winners used the numbers from fortunes within fortune cookies made from the Wonton Food Inc. What is ironic is that none of the employees from the fortune cookie factory used those numbers.
Those are some interesting facts relating to the Powerball. The odds can be tremendous at times, which result in a lower payout, but lower jackpots don’t mean that a person shouldn’t pay. The payouts are still quite substantial. Yes, the better the odds, the lower the payout, but that also means that you have better odds if you actually play on the lower payouts. Now don’t let that frustrate you because you can still pay on the higher payouts. Obviously by the numbers above people do win, so next time it might as well be you.