The Powerball Product Group of the Multi-State Lottery Association (MUSL), of which the Mississippi Lottery Corporation (MLC) is a voting member, announced the decision to determine Powerball’s advertised jackpot based on game sales and interest rates following the April 8, 2020 drawing. After the April 8 drawing, Powerball will no longer offer guaranteed starting jackpot…
via Mississippi Lottery making Powerball changes — Mississippi Business Journal.
Tonight’s drawing is the end of an era. It’s the last time there is a guaranteed minimum payment. Both Powerball and MegaMillions new formula for pay-outs will be determined by ticket sales and interest rates. In the past, there was a minimum starting level for the next drawing once either lottery had a big winner. That’s why Powerball hit over a billion dollars a while back.
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