This article focuses on the Powerball lottery, the largest lottery in the United States. Available in 42 states, Washington D.C., and the U.S. Virgin Islands, Powerball always has a jackpot of at least $20 million and has drawings twice a week. It is made up of five sets of 59 numerical white balls and one set of 39 red “Powerballs,” which make up the winning number combinations for each drawing.
Lotteries have often been called a “tax on the poor,” and for good reason. The majority of lottery ticket buyers are in the lower income tax brackets. Often less educated about finances and less likely to save money for retirement, these lottery players don’t view the expense of a few lottery tickets as a major cash outlay. However, this couldn’t be further from the truth. In the long run, spending money on tickets that never win costs players more than just the face value of the tickets and prevents many people from ever getting out of debt.
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Pick 3 & Pick 4: Daily at 9:59 p.m., except Easter Sunday and Christmas Day. There are no Louisiana-based drawings on Christmas Day or Easter. Drawings for the multistate games, Powerball and Mega Millions, will be conducted should Christmas fall on a draw day. Tickets must be purchased by 9:00 p.m. on the draw date for Powerball and Mega Millions, and by 9:30 p.m. on the draw date for Pick 3, Pick 4, Lotto and Easy 5 to be eligible for that drawing.
What are the odds of buying a jackpot-winning lottery ticket? Well, that’s where the math gets scary. The odds of someone choosing the winning combination of numbers are 1 in 195,249,054. Yes, you read that right – just 1 in almost 200 million. To put that in some numerical perspective, the United States currently has a population of 307 million people, so you’re theoretically competing against 2/3 of the entire U.S. population. Those are serious odds stacked against you every time you spend $1 for a lottery ticket!
The Robert H. LeBas Family Partnership of Church Point won $21.2 million, which was the largest jackpot won on a single ticket. The largest multi-winner jackpot was $31 million and was split between Kimberly D. Hall of Bon Wier, Texas, and Roland and Marion LeBeouf Family Partnership of Houma, with each receiving $15.5 million. These jackpots were paid as annuities. The largest single-payment winner was Timothy M. Smith of Marrero, who won $15.6 million.
* Lotto's match-5 and match-4 prizes are pari-mutuel. A pari-mutuel prize is determined by dividing the prize pool equally among the winners, and may vary for each drawing. Lotto is structured to average approximately $2,000 and $50 for the match 5 and match 4 prize levels respectively. The jackpot prize is also a pari-mutuel prize and will be divided equally among all jackpot-winning tickets. If the jackpot is not won, the prize is carried over and added to the jackpot prize pool of the next drawing.
Learning more about the odds of winning a big jackpot may not be enough to discourage you from buying daily or weekly lottery tickets. Perhaps talking about the true financial cost of those tickets will help dissuade you from buying tickets. Most people do not like wasting money, but many will spend a small fortune on lottery tickets in their lifetimes, which is unlikely to ever pay off.
Using the Alpha Systems to win your State's Pick-5 and Pick-6 games is almost like cheating. Imagine winning a Jackpot in the Pick-5 game with just three numbers right. Better yet, how about winning a Jackpot in the Pick-6 game with just four numbers right? Results like this are made possible when using the time proven Alpha Systems. At just $49.95, this is an excellent entry-level system that just might change your life overnight.
Your guess can contain one number higher than 15, but it's better to stick with the numbers 1-15. Why? Nine out of ten delta numbers will be 15 or less. This means that at least half the time, there will be no delta number greater than 15 in a given six-number-pick. As there are more possible numbers greater than 15 than there are numbers less than 15, its just better strategy to focus your guesses on those cases where the odds are in your favor.