What Are the Odds? A Look at Powerball Runs
June 18, 2013 – After the Powerball jackpot rolled over for a fourth time Saturday night, the estimated jackpot rose to $105 million.
So what are the odds we’ll see another record-setting run from America’s Favorite Game?
I decided to take a look at the numbers to see what a $100 million jackpot means for Powerball players nationwide, and I found something rather surprising…
The last time anybody won a jackpot worth between $100 million and $200 million was April 2012, only four months after the price-point for the game went from $1 to $2 in the hopes of faster jackpot growth.
During that time – here’s the surprising part – seven people won more than $200 million, and four of those winners raked in $300 million or more.
And just after the switch to the $2 Powerball game, the first jackpot at the new price-point was $336.4 million.
The seven wins since April 2012, all over $200 million, average out to a whopping $359.1 million.
And if we include the April 2012 big-jackpot win of $172.7 and the February win of $336.4, the average only falls by about $23 million to $335.8 million.
Looking back to big jackpots from 2011 and 2010, when Powerball runs started at just $20 million guaranteed, a full half of the jackpots that reached $100 million kept climbing to over $200 million.
Yes, that’s a lot of numbers to digest. But if the history of Powerball jackpots can tell us anything, it’s that we’re likely to be in for another big run.
Go get your tickets – before everyone else does.