Economy

Millions of people are trying to win a “jackpot” unheard of in the American lottery

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Millions of lottery players in the United States have once again tried their luck, hoping to win the unprecedented Powerball jackpot, estimated at $1,900 million. Monday night draw has been postponed due to security protocols.

This “jackpot” is almost $400 million higher than the previous record and will continue to grow until someone wins it, according to the Associated Press (AP).

At the current exchange rate, the dollar surcharge is similar in value to euros.

The draw, scheduled for Monday evening (beginning Tuesday in mainland Portugal), has been postponed due to security protocols.

“Once the necessary security protocols are in place, the draw will be conducted under the supervision of lottery security personnel and independent auditors. Winning numbers will be posted as soon as they become available,” the California Lottery said in a statement. CNN.

Only four previous players have won $1 billion in prizes, but none of them have come close to the current prize pool, which started at $20 million on August 6 and has continued ever since. three months without a win grew more and more.

The winner who chooses the lump sum payment will receive approximately US$929.1 million, while those who choose to receive annually for 29 years will raise US$1900 million.

Even if more people are attracted to the game due to the huge prize pool, spending two dollars on each Poweball ticket is difficult. The one in 292.2 million odds of winning means there’s still a good chance of another draw taking place without the jackpot being hit.

In this case, the jackpot draw on Wednesday will be more than two billion dollars.

The fact that 40 draws have already gone by without a winner makes one wonder if something is wrong. But the game is designed in such a way, with one in 292 million chancetherefore, it is difficult to single out someone until the high cost attracts more players.

Higher sales also mean that the lottery raises more money for community programs, which is one of the purposes of this type of game.

Like EuroMillions in Europe or Totoloto in Portugal, players can choose numbers, but the vast majority let the machine choose randomly.

Powerball winners must decide whether they want to receive the full amount at once or receive the full amount over 29 years.

Either way, federal taxes are levied on the value, cutting the markup by more than a third. Many US states tax lottery winnings, which also affects the final cost.

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