{"id":91269,"date":"2018-10-25T16:00:26","date_gmt":"2018-10-25T23:00:26","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=91269"},"modified":"2018-10-25T15:46:02","modified_gmt":"2018-10-25T22:46:02","slug":"lottery-hysteria-continues-in-us-powerball-hits-estimated-750m","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/lottery-hysteria-continues-in-us-powerball-hits-estimated-750m\/","title":{"rendered":"Lottery Hysteria Continues in US, Powerball Hits Estimated $750M"},"content":{"rendered":"

The Powerball lottery jackpot has reached an estimated $750 million after no players correctly selected the five white balls and one Powerball during Thursday night’s drawing.<\/p>\n

\"lottery
Just days after Mega Millions hit $1.5 billion, the Powerball lottery jackpot has swollen to $750 million. (Image: Jim Lo Scalzo\/EPA)<\/figcaption><\/figure>\n

At $750 million, the jackpot would be the fourth largest lottery prize in US history. The second all-time jackpot was hit earlier this week when one lucky player in South Carolina matched the numbers to win $1.53 billion<\/a>.<\/p>\n

It’s an exciting time to be a lottery player,” Powerball Product Group Chairman David Barden stated.<\/p>\n

The next Powerball drawing will take place this Saturday at 10:59 pm ET. The odds of winning are one in 292.2 million.<\/p>\n

Record U.S. Lottery Jackpots<\/b><\/span><\/p>\n

$1.586 billion \u2013 Jan. 13, 2016 \u2013 Powerball<\/span><\/p>\n

$1.537 billion \u2013 Oct. 23, 2018 \u2013 Mega Millions<\/span><\/p>\n

$758.7 million \u2013 Aug. 23, 2017 \u2013 Powerball<\/span><\/p>\n

Est. $750 million \u2013 Oct. 27, 2018 \u2013 Powerball<\/span><\/p>\n

$656 million \u2013 March 30, 2012 \u2013 Mega Millions<\/span><\/p>\n

Preying on Poor?<\/b><\/h2>\n

Economists often refer to the lottery as a tax on the poor, as the odds are severely against winning<\/a>, yet low-income people continually test their luck \u2013 and continually lose.<\/p>\n

You have a better chance of being murdered while visiting the Grand Canyon, and it’s 35 times likelier to happen than winning this weekend’s Powerball jackpot. You’re also 65,530 times likelier to suffocate accidentally during tonight’s sleep.<\/p>\n

Studies continually show that more lottery tickets are sold in poorer zip codes than in wealthier ones. Higher lotto sales also tend to occur in towns with higher minority populations.<\/p>\n

According to author Tom Corley, who studies the work habits of millionaires, the vast majority of successful people do not play the lottery because they don’t have “a lottery mindset.”<\/p>\n

\n

“What is the lottery mindset? It is the idea that there is a shortcut to wealth, that it is possible to become instantly wealthy by virtue of random good luck,” Corley explains.<\/strong><\/p>\n<\/blockquote>\n

Politico <\/i>reports recent studies that found 40 percent of lottery players in California are unemployed. In Maryland, the poorest one-third of the state’s population buys 60 percent of its lottery tickets, and in Michigan, those without a high school diploma spend five times more on the lottery than those with a college education.<\/p>\n

Escalating Jackpots<\/b><\/h2>\n

The Multi-State Lottery Association (MSLA) changed Powerball and Mega Millions to make winning the top prize more difficult. The odds lengthened, which is why record-setting jackpots have become part of the lottery norm as of late.<\/p>\n

But if you don’t hit the $750 million jackpot, make sure your ticket didn’t win a lower-tiered prize.<\/p>\n

\n

The story of the week might just be Earl Livingston, an 87-year-old who fell and broke his hip on the way to buy a Mega Millions ticket. Upon hospitalization, the staff offered him a chance to get in on their lottery pool. He accepted, and one of their tickets matched all five white balls to win a $1 million secondary prize.<\/p>\n<\/div>\n

The odds for that win are one in 12.6 million. Unfortunately, the Associated Press<\/i> says the hospital pool involved 141 other people, meaning Livingston will likely receive just a few thousand dollars after taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Powerball lottery jackpot has reached an estimated $750 million after no players correctly selected the five white balls and one Powerball during Thursday night’s drawing. At $750 million, the jackpot would be the fourth largest lottery prize in US history. The second all-time jackpot was hit earlier this week when one lucky player in […]<\/p>\n","protected":false},"author":25,"featured_media":91280,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,13699],"tags":[],"acf":[],"yoast_head":"\nLottery Hysteria Continues in US, Powerball Hits Estimated $750M<\/title>\n<meta name=\"description\" content=\"Another massive lottery jackpot again has US residents clamoring convenience story checkout lines on the slim chances of winning instant riches.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lottery Hysteria Continues in US, Powerball Hits Estimated $750M\" \/>\n<meta property=\"og:description\" content=\"Another massive lottery jackpot again has US residents clamoring convenience story checkout lines on the slim chances of winning instant riches.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/lottery-hysteria-continues-in-us-powerball-hits-estimated-750m\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-25T23:00:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-25T22:46:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/82993a9d-51f7-4c9b-bc08-8a1382df9b1e-EPA_USA_MEGA_MILLIONS_LOTTERY-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1434\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/lottery-hysteria-continues-in-us-powerball-hits-estimated-750m\/\",\"url\":\"https:\/\/www.casino.org\/news\/lottery-hysteria-continues-in-us-powerball-hits-estimated-750m\/\",\"name\":\"Lottery Hysteria Continues in US, Powerball Hits Estimated $750M\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/lottery-hysteria-continues-in-us-powerball-hits-estimated-750m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/lottery-hysteria-continues-in-us-powerball-hits-estimated-750m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/82993a9d-51f7-4c9b-bc08-8a1382df9b1e-EPA_USA_MEGA_MILLIONS_LOTTERY-scaled.jpeg\",\"datePublished\":\"2018-10-25T23:00:26+00:00\",\"dateModified\":\"2018-10-25T22:46:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Another massive lottery jackpot again has US residents clamoring convenience story checkout lines on the slim chances of winning instant riches.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/lottery-hysteria-continues-in-us-powerball-hits-estimated-750m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/lottery-hysteria-continues-in-us-powerball-hits-estimated-750m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/lottery-hysteria-continues-in-us-powerball-hits-estimated-750m\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/82993a9d-51f7-4c9b-bc08-8a1382df9b1e-EPA_USA_MEGA_MILLIONS_LOTTERY-scaled.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/10\/82993a9d-51f7-4c9b-bc08-8a1382df9b1e-EPA_USA_MEGA_MILLIONS_LOTTERY-scaled.jpeg\",\"width\":2560,\"height\":1434,\"caption\":\"Just days after Mega Millions hit $1.5 billion, the Powerball lottery jackpot has swollen to $750 million. 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