G3
User ID: 78444280 United States 04/05/2020 12:02 AM
Report Abusive Post Report Copyright Violation | Powerball Lottery affected by Covid-19 - Guaranteed starting jackpot amounts & minimum jackpot increases to be eliminated Update: Game sales and interest rates to determine advertised Powerball jackpot
Guaranteed starting jackpot amounts & minimum jackpot increases to be eliminatedThe Powerball Product Group today announced its decision to determine Powerball’s advertised jackpot based on game sales and interest rates. Following the April 8 drawing, guaranteed starting jackpot amounts and minimum jackpot increases will be eliminated, and future jackpot increases will be determined and announced by the Product Group prior to each drawing. Previously, Powerball® jackpots started at $40 million (annuity) and increased by a minimum of $10 million (annuity) between drawings. “These changes are necessary to ensure that ticket sales can support the Powerball jackpot and other lower-tier cash prizes,” said Gregg Mineo, Powerball Product Group Chairman and Maine Lottery Director. “Our number one priority is making sure that the Powerball game can continue to assist lotteries in raising proceeds for their beneficiaries.” The Powerball Product Group announced plans last week to reduce the starting jackpot to $20 million (annuity) and minimum jackpot increases to $2 million (annuity) between drawings. Those changes were scheduled to go into effect after the current jackpot was won. However, due to the evolving COVID-19 pandemic, the Powerball Product Group revisited the topic and decided Powerball’s advertised jackpot should be determined by game sales and interest rates effective following the drawing next Wednesday.
“Since last week, more states and cities have asked their residents to stay at home, which has affected normal consumer behaviors and Powerball game sales,” said Mineo. “In response to the public health crisis, interest rates have declined. As a result, additional game sales are necessary to fund comparable jackpot amounts.”cont'd: [ link to www.powerball.com (secure)] |
Anonymous Coward User ID: 78719721 United States 04/05/2020 12:17 AM Report Abusive Post Report Copyright Violation | Re: Powerball Lottery affected by Covid-19 - Guaranteed starting jackpot amounts & minimum jackpot increases to be eliminated Translation: the Government is stealing from the lottery.
If they get away with this, guess what will be next: stealing from Pensions. |
Anonymous Coward User ID: 78719721 United States 04/05/2020 01:59 AM Report Abusive Post Report Copyright Violation | Re: Powerball Lottery affected by Covid-19 - Guaranteed starting jackpot amounts & minimum jackpot increases to be eliminated Translation: the Government is stealing from the lottery.
If they get away with this, guess what will be next: stealing from Pensions.
Quoting: Anonymous Coward 78719721 WHO CARES THE LOOTTTO IS RIGGED LET IT GET STOLE:affirmative: :Trump Reveal: Quoting: HO LEE FUKK But the ones doing the stealing do more rigging than the Lottery. |