“$1 billion lottery jackpots are more common than ever—and it’s actually making them harder to win”
November 3, 2022
“…The jackpot for Saturday night’s Powerball drawing has surged to $1.5 billion, the second billion-dollar jackpot of 2022, after no players claimed the top prize in Wednesday’s drawing. It’s the fifth time a U.S. lottery prize has reached 10 digits since 2016, when the first billion-dollar prize jackpot was announced…
Consider this: If nobody wins a given lottery draw, the jackpot money rolls over into the next draw, increasing the size of the pot. Make that lottery harder to win and you can almost guarantee higher jackpots on a regular basis, incentivizing even more people to buy lottery tickets.
Powerball’s organizers have gradually made their lottery harder to win for decades, says Victor Matheson, an economics professor at the College of the Holy Cross who studies lotteries…”
https://www.cnbc.com/2022/11/02/why-lottery-jackpots-like-powerball-keep-topping-1-billion.html
Don’t buy lottery tickets unless you have money to waste or are doing it for fun. For the vast majority of people its a waste of time and money.