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Powerball Lottery affected by Covid-19 - Guaranteed starting jackpot amounts & minimum jackpot increases to be eliminated

 
G3

User ID: 78444280
United States
04/05/2020 12:02 AM

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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 eliminated


The 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:

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Anonymous Coward
User ID: 78719721
United States
04/05/2020 12:17 AM
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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
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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.





GLP