After Powerball Revamp, 3 Winners Awarded $448 Million
It's already been a really good day for three brand-new multi-multi-millionaires.
Oh, and for Powerball.
The Powerball jackpot (a cool $448 million) has been steadily building during weeks of no-wins, but on Thursday morning, three players scooped it all up. Though the winners are not yet public— we imagine they're pretty busy buying this Monet painting on Amazon — we do know that two bought tickets in New Jersey, and the third snabbed their's in Minnesota. (The winner from Minnesota came forward Thursday afternoon, but is not yet confirmed.)
The payout is the third-highest Powerball has ever awarded, after an 84-year-old widow won a record-breaking $590 million in May, and two winners split $587 million last November.
If that seems like a lot of record-breaking of late, you can thank Powerball's 2012 revamp. Last January, it raised the price of a ticket $1 to $2. This led to a surge in winnings, since the price of admission is literally doubled, and so, when nobody wins, the jackpot climbs swiftly to new heights.
Powerball's profits have doubled since the revamp, and analysts believe players are more likely to spend more if they think they'll get more. The rise in highly-publicized winnings has led to more people chipping in to play; in the past, smaller winnings have typically been less appealing.
You know. If you can describe several million dollars as 'less appealing.'