Apr 3, 2020
More Powerball game changes on the way
Guaranteed starting jackpot amounts and minimum jackpot increases are being eliminated.
The Powerball Product Group, which includes the Colorado Lottery, is making more changes to the game, due to decreased sales as a result of the COVID 19 pandemic. Following the April 8 drawing, starting jackpot amounts, and the amount of any jackpot increase between drawings, will be determined based on sales. Jackpot increases will be determined and announced by the Product Group prior to each drawing.
Following the April 8 drawing, Powerball’s advertised jackpot will be based on game sales and interest rates. Until last week, Powerball jackpots started at $40 million and increased by a minimum of $10 million between drawings.
Last week, the Powerball Product Group announced plans to reduce the starting jackpot to $20 million and minimum jackpot increases to $2 million between drawings. But due to the rapidly growing COVID-19 pandemic, which has resulted in decreased sales, further changes are necessary.
“These changes are necessary to ensure that ticket sales can support the Powerball jackpot and other lower-tier cash prizes,” said Tom Seaver, director of the Colorado Lottery.
Saturday’s drawing is a guaranteed $180 million. If the jackpot rolls, it will grow to $190 million for the April 8 drawing. If the jackpot is won on Saturday night, it will reset to $20 million for the April 8 drawing and continue to grow based off sales and interest rates.
Powerball tickets are $2 per play, and drawings are broadcast live every Wednesday and Saturday at 8:59 p.m. MT from the Florida Lottery draw studio in Tallahassee. More than half of all proceeds from the sale of a Powerball ticket remain in the jurisdiction where the ticket was sold.