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Why Isn't the Next Powerball Jackpot Higher than Minimum?

Topic closed. 1 reply. Last post 1 year ago by KY Floyd.

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HoLeeKau's avatar - YheaShea
Idaho
United States
Member #94283
July 17, 2010
2284 Posts
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Posted: January 14, 2016, 1:02 pm - IP Logged

I wonder why this next jackpot didn't start higher than the $40M minimum?  It used to be after a big JP was won, the next one started higher than minimum with people using their little $4 winners to play again, or because of people who bought advance plays because their state doesn't sell PB and they didn't want to make another trip for tickets if the JP rolled over.

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    NY
    United States
    Member #23835
    October 16, 2005
    3502 Posts
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    Posted: January 14, 2016, 1:30 pm - IP Logged

    Lottoreport shows sales of $23,900,282 for the starting jackpot of the last run. That would put about $8,126,000 in the jackpot pool, which is enough for an annuity of $13,106,606. Actually funding the starting jackpot annuity would take sales of about 3 times the normal amount. The last PB jackpot to get past $500 million was almost a year ago, and sales for the next starting jackpot were $29 million.

    Based on results from the past year we might see the first increase of more than the $10 million minimum 1 or 2 drawings sooner, That would mean 100 > 110+, or possibly 90 > 100+.