The Powerball jackpot has surged to $1.3 billion, marking it as the fourth largest in the game's history, after no winners emerged from the recent drawings. This increase comes after 39 consecutive drawings without a top prize winner, extending over more than three months. Despite the growing jackpot, reports indicate that fewer people are purchasing Powerball tickets compared to previous years, with billion-dollar jackpots becoming increasingly common. Meanwhile, the lottery continues to have a significant impact on lower-income communities, with the poorest 1% of zip codes spending an average of 5% of their income on lottery tickets, a stark contrast to wealthier areas. The next Powerball drawing is scheduled for Saturday night, offering a lump sum of $608.9 million or an annuity worth $1.3 billion, both before taxes.
Powerball prize climbs to $1.3B ahead of next drawing https://t.co/BAGxBm4iRN https://t.co/B7uIM4MX0Y
Mega Millions drawing: Here are the winning numbers for April 5, 2024 https://t.co/bIRtPRICrz
A lottery player in the South Bay got lucky this week. https://t.co/pwHBtchGbH
Mega Millions drawing: Here are the winning numbers for March 5, 2024. https://t.co/twEcD8VjJm Click the image to read more:
Cash Five Winning Numbers for 04/05/2024: 2 - 16 - 24 - 28 - 29 https://t.co/xwVUjr9iXD
Kentucky Woman Quits Job After Winning $90K Scratch-Off Prize: 'I Was Unhappy' https://t.co/G2Kbmlf5na
Man gets wife’s license plate numbers wrong in lottery game. ‘Happy mistake’ pays off https://t.co/CIdxszIco9
Bay Area lottery player wins $2 million from $20 scratch-off game https://t.co/HehBDs22Z2
The Powerball jackpot hit $1.3 billion on Friday, the game’s fourth-largest prize The winner can choose a lump sum of $608.9M or an annuity worth $1.3B, both are pretax estimates The next Powerball drawing is Saturday night - CNBC https://t.co/XjrZk7Fk7K
New #Canadian millionaire ready to retire after hitting jackpot on a $3 wager 🤑💰 https://t.co/A01nxxXFeF
State lotteries in America tend to give proceeds to worthy causes, such as public education or programmes for the elderly. But these charts show why the system is woefully regressive https://t.co/DEhXdule8M 👇
Half as many people are buying Powerball tickets compared to a few years ago because billion-dollar jackpots have "become all too common" https://t.co/jD891tN394 https://t.co/jD891tN394
Powerball hits $1.3 billion. Most people still buy tickets in person, but more lottery apps emerge https://t.co/czN7xTkvHH
‘Holy cow, that’s not possible!’ B.C. resident wins $1.4 million on slot machine https://t.co/HqKj9eRlfS https://t.co/q6tECN1NJK
Stunned lottery winner makes multi-million dollar mistake https://t.co/GpDrYdKjU2 https://t.co/9QnTtmVeKS
Here are the biggest lottery jackpots in history. https://t.co/pKw1nERVGB Click the image to read more:
A San Jose resident won $2 million with a California Lottery scratcher ticket purchased for $20, lottery officials said Thursday. It's the top prize in the Crossword Scratcher game. Meanwhile, the $1.3 billion Powerball jackpot is still up for grabs. https://t.co/oorzgQScfu
Here are the biggest lottery jackpots in history https://t.co/AGmCjFtf6n
In the poorest 1% of zip codes, people spend an average of 5% of their income on lottery tickets. The poorest households spend roughly 30 times on lotteries than richer ones, as a share of income. https://t.co/JFCWgdI88e
“The economics of American lotteries” Article: https://t.co/wEn9nZdiJf
You could take your win to the MAX when you play Maximum Millions from the #TexasLottery. This all-new $30 scratch ticket game offers a top prize of $3 MILLION. Pick one up at a Texas Lottery® retailer near you! https://t.co/Pw0mLf8cKB
The Powerball jackpot has jumped to $1.23bn. But who is buying lottery tickets? These charts show that poorer Americans spend a staggering amount on them https://t.co/bTG3WBDib3 👇
This jackpot will put a SPRING in your step! 🌷💸 SATURDAY'S #Powerball drawing has been RAISED to an estimated $1.3 BILLION – the 4th largest in game history! Pick up a ticket at a Texas Lottery® retailer near you. #Texas #TexasLottery https://t.co/AAuIossDP4
“Dude, it was amazing.” How does it feel to win a bunch of money playing the lottery? WTOP spoke with a Northern Virginia lottery millionaire who described the "awesome feeling" of winning big. https://t.co/fBCxur19kw
This jackpot will put a SPRING in your step! 🌷💸 TONIGHT’S #Powerball drawing has been RAISED to an estimated $1.3 BILLION – the 4th largest in game history! Pick up a ticket at a Texas Lottery® retailer near you. #Texas #TexasLottery https://t.co/S7PikLYIAH
Powerball jackpot on Saturday will top $1.2 billion. It's the fourth largest ever. https://t.co/nyH2WB5mCd
💰 Buy your #Powerball ticket for Wednesday's draw in Camden County? It could be worth $1 million. https://t.co/vJ7Q8SNx0Z https://t.co/38wHEj8IHM
Winner! One lucky lottery player in San Jose is $2 million richer after winning the top prize on a Scratchers ticket, according to the California Lottery. https://t.co/IKIronNJT9
A woman made a crucial calculation error after realising she had won a hefty sum in a multimillion-dollar lottery draw. https://t.co/8xsABPfavX
A $25,000 winning ticket for last night’s #CashFive drawing was sold in #Austin! #TexasLottery #Texas https://t.co/Mb7do3OAsQ
Texas Lottery Pick 3 Morning, Pick 3 Day results for April 4, 2024 https://t.co/OKijcnC21p
The lottery is literally a tax on being stupid, and is therefore (unwittingly) one of the only eugenic policies allowed in communist countries like the USA
Well, this is a big surprise! 🤯💰 A NSW resident thought she had won $20,000 from her Powerball ticket but her family pointed out she had won $20 million. #9News MORE DETAILS ➡️ https://t.co/k3bjji3LQ2 https://t.co/oVSF0NQXMH
A $200,000 jackpot-winning ticket for last night’s #Texas Two Step drawing was sold in #Longview! #TexasLottery https://t.co/yHv1Nid0wn
Texas Two Step Advertised Jackpot for 04/08/2024: $200,000 https://t.co/KB8jHp0Bb0
A New York City man who won not one, but two $10 million prizes on scratch-off lottery tickets is still grinding away at the games. https://t.co/EiTKOZly4L
An Adelaide grandmother has received the shock of a lifetime after coming home with over $2 million playing numbers she has played for eight years. https://t.co/cX0EFFEsZx
State lotteries exploit poorer people. Does your state publish their lottery revenue by zip code? No. They don't want you to know that their lottery income comes disproportionately from poorer zip codes. https://t.co/RkrBBcwtbA
Powerball player wins $1 million and jokes of winning again. Then he has big surprise https://t.co/f105b5XB8O
'The way we abuse the poor with the lottery! Think of how contrary it is to the interests of the poor to play the lottery. It’s like a tax on ignorance. They’re vulnerable.' - Charlie Munger https://t.co/EGwCVRLwEQ
When is the next Powerball drawing? Everything to know as jackpot cracks $1.23B https://t.co/umbwGWd7On
I don’t but powerball tickets until It passes 1.3 billion. I mean, if it’s not enough money to change my quality of life, why play? 1.3 is just enough tho… https://t.co/i84EnOd1b6
Lottery tickets are a tax on hope and despair https://t.co/NAzS7oa0TJ
Powerball will match a record for lottery drawings Saturday night with a stretch of more than three months without a jackpot winner. https://t.co/Cax9uWBVBD
And they disprove a pop-economics buzz-phrase: "tax something and you'll get less of it". State lotteries are a tax on stupidity. I've seen no reduction in mass stupidity since the inception of State lotteries in 1964. https://t.co/wcNL9btVMf
Feeling lucky? After 39 consecutive drawings without a winner, the Powerball jackpot has increased to $1.23 billion, the fourth largest in the game's history. The next drawing is scheduled for Saturday night. https://t.co/afBYORyfZx https://t.co/hLtGRzK7Cz
Powerball jackpot reaches $1.23B as long odds mean lots of losing, just as designed https://t.co/QBCrhhtpla
Despite no jackpot winner, nine tickets matched five of six numbers Wednesday to take home $1 million prizes. https://t.co/K4wohIRCaV
Here's what you should do if you win the big Powerball jackpot https://t.co/ByUh0npNCg
Our culture's obsession with the "Put up a little to have an infinitesimal chance at a lot" model remains undefeated. Spills over to sportsbetting. Seems like lot of people would prefer to lose massive at longshot parlays than bet straight. I do get it though. It's simply not… https://t.co/J3kvoCiXbk
Scrambling for a win, America's poorest households spend 33 times more of their income on lottery tickets than the rich. https://t.co/oMRiXhb0OO
No one won #Powerball's grand prize Wednesday, but two tickets sold in Southern California still hit it big! 👀🤑💸 Here's where they were sold: https://t.co/pyyRoE4rkH https://t.co/CkelBc6N5y
Powerball hits $1.2 billion. What can you buy with that much money? https://t.co/yaBygVrkRf
$50,000 lottery winner is planning 'something special' with husband https://t.co/hF0PMLjpWS https://t.co/ICnGP1d1rZ
Woman Wins $1 Million Powerball Prize After Hitting Wrong Button: 'Best Mistake of My Life!' https://t.co/WHLO7nAXlg
$1 million Mississauga lottery winner told her mother-in-law first https://t.co/WwddM9sYho https://t.co/XRRQCvX4LD
Why does the lottery exist??? The stock market, crypto, sports betting feel a lot more reasonable to me than state-sponsored gambling over nothing… https://t.co/adQcYLOQq6
The other eight $1 million tickets were sold in California, Massachusetts, Georgia, New Jersey, South Carolina, and Washington. https://t.co/NKkwvop5fm
$1 million Powerball ticket sold at South Jersey deli as jackpot hits $1.23 billion https://t.co/W8nFToyF6m
Post-tax breakeven point on Powerball is a $1.57 billion jackpot. Slightly less if you don’t declare your $4 wins on your taxes; somewhat less if you’re going to immediately put a big chunk of your winnings into charity and take a deduction and view a charitable contribution of a…
"In 2023 Americans shelled out more than $100bn on state-run lotteries. Were they a single company, America’s lotteries would be the ninth-most profitable in the country. https://t.co/YyB2kxEKGr
Saturday’s #Powerball jackpot has grown to an estimated $1.23 billion or $595.1 million for the all-cash option. https://t.co/Yu4gxlrGUH
New Jersey Powerball ticket wins $1 million in Wednesday's drawing https://t.co/EPFIsFaSKY
This graph is wild, the poorest zip codes spend 5% of their income annually on the world’s worst hope note. Truly a regressive tax https://t.co/YAn8Jw6pOt
Feel like the answer here isn't to ban gambling, but rather to ask the question why the poorest zip codes resort to gambling. Curious to see this graph in countries with more welfare support and the allowance for folks to pick themselves back up when down and out. https://t.co/8k8zqHQajN
2 Powerball tickets worth $1.6 million sold in California. https://t.co/MvdAdTyedv Click the image to read more:
In the Powerball drawing, a $1 million winning ticket was sold at Royal Farms located at 7136 Montevideo Road in Jessup, Howard County. 🥳🥳 https://t.co/D8DiBxIOJ9
Powerball player wins $1 million in Georgia. Here’s where the winning ticket was sold https://t.co/G9bAfWK2Co
The jackpot is now at a whopping $1.23 billion, with the next drawing happening Saturday. The prize has an estimated cash value of $595.1 million. Time to take a road-trip! https://t.co/E6GZktUMr4
Pretty shocking numbers here. Hard not to conclude that many people are spending >30% of their income on the lottery. https://t.co/yIBTewUmyP
Powerball's next jackpot will be at least an estimated $1.23 billion after no tickets matched the numbers needed to win Wednesday night's grand prize of roughly $1.09 billion. https://t.co/HDJDLFmMop
Powerball drawing: 3 tickets sold in Texas win $150,000 prize https://t.co/Rp1hE5Rkrm
I used to call lottery ‘a tax on stupidity’ until I realised that for someone who can see very few chances to transform their life, buying a lottery ticket is much more rational than for me. I have stakes in a portfolio of companies that can change my life so, to me, buying… https://t.co/au6tsGHPLv
Powerball frenzy as jackpot jumps to the eighth-largest amount in US lottery history https://t.co/YxRhOP6OpH https://t.co/WGe45TZ8Cd
The poorest 1% spend $600, or 5% of their income, on lottery tickets every year. Imagine this money making 7% in the stock market. If the government wants to legislate the generational wealth gap, they should start by looking in the mirror. Chart: @JustinWolfers https://t.co/0gaiFkRoC9 https://t.co/totzMWDQz1
Powerball jackpot soars to $1.23 billion after yet another lottery drawing ends without big winner The winning numbers pulled on Wednesday were: 11, 62, 65, 38, 41 and Powerball 15 It’s been three months since a player claimed the top prize https://t.co/wxXhHAAxOV
The Powerball jackpot rose to $1.23 billion Wednesday night. Here’s what the winner could take home after taxes: https://t.co/MC7bkRvHlt
Inversely correlated with stock market participation. Lottery tickets are negative expected return bets. The stock market is a casino with a substantial net return (in expectation) even if you play randomly. People higher in the income distribution prefer that. And they’re right. https://t.co/KCy8qKyCQo
The odds of winning the lottery are unimaginably low—just one in 292m for Powerball. Yet ticket sales are at a record high https://t.co/imqLKQOHlz 👇
What’s something poor people spend a lot more on than rich people? The Lottery. The poorest 1% zip codes spend 5% of their income on lottery tickets- $600 😬. Richest 1% of zip codes only spend $150. The most regressive tax is being run by our state governments. https://t.co/3hiHWvhDyQ
9 millionaires but no jackpot winners after Wednesday's $1.09 billion Powerball drawing https://t.co/LPO9VuvBHW
Massachusetts didn’t claim Wednesday night’s Powerball jackpot but two tickets sold in the state each won a $1 million prize. https://t.co/fZyQOitakW
Powerball jackpot at $1.23 billion for next drawing Saturday, April 6, 2024 https://t.co/iizsj2emlo
JACKPOT INCREASES 💰 The Powerball jackpot has increased to an estimated $1.23 billion after another drawing without a big winner Wednesday night. https://t.co/Mv3yls6g3T
“In the poorest 1% of zip codes that have lottery retailers, the average American adult spends around $600 a year, or nearly 5% of their income, on tickets. That compares with just $150, or 0.15%, for those in the richest 1% of zip codes.” https://t.co/AmKdkpydah https://t.co/zR2XhKwkUc
#JUSTIN Powerball jackpot jumps to $1.23 billion after no big winner https://t.co/cFBMeahkvR
Powerball jackpot jumps to $1.09 billion, fourth largest in history https://t.co/RnTmJxnG9i
CHECK YOUR TICKETS: 3 Powerball tickets worth $50k each sold in Illinois https://t.co/D4CRowHA7d
Did anyone win Wednesday's Powerball jackpot? Here are the winning numbers. https://t.co/gsjmshywLg
Powerball jackpot jumps to 8th largest prize ever after another drawing without a big winner https://t.co/ax4p7hLsGW