The Powerball jackpot has soared to an estimated $1.04 billion after no tickets matched all six numbers in Saturday night’s drawing.
Saturday night’s drawing produced white balls 19, 30, 37, 44 and 46 and red Powerball 22.
The $1.04 billion prize – an estimated $478.2 million in cash value – is the second-largest jackpot this year, topped only by a $1.08 billion prize won on July 19 by a ticketholder in California.
I know they give you the odds of winning with one ticket but what are the odds of winning with 10 tickets? It is not as simple as multiplying by 10, is it?
Long ago I was part of a lottery pool and we never really won anything. Just wondering if this has better odds than going on your own.
It’s 1:292.2 million, so 10 tickets is 1:29.22 million. There are theories about buying all 292.2 million numbers, but the issue always comes back to not being alone in the pool; you will win, but if someone else wins (or did the same thing), you will lose a few million for all your hard work.
Edit: also the tickets are now $2, so buying all numbers is still more expensive than the prize after taxes.