75.7 F
Charlotte Amalie
Wednesday, December 7, 2022
HomeNewsArchivesNews Brief: Powerball Starting Jackpot Jumps to $15 Million

News Brief: Powerball Starting Jackpot Jumps to $15 Million

Aug. 24, 2005 – Powerball's starting jackpot will jump $5 million, from $10 million to $15 million, on Aug. 28, announced the V.I. Lottery Tuesday. The jackpot will jump by at least $5 million for each drawing until somebody wins.
"Lottery games are changed from time to time to respond to player demands and population changes," V.I. Lottery Director Paul Flemming said in a news release received Tuesday.
The Virgin Islands is one of 29 states and territories that participate in the Powerball lottery.
Fleming said that at least eight people in the territory have won big Powerball prizes of more than $100,000.
"The biggest one was $500,000," he said Wednesday.
Fleming said the changes will create larger jackpots and add more $1 million winners.
The second prize for matching five white ball numbers will double from $100,000 to $200,000 in cash. If participants purchase the Power Play option for another $1, they can increase their winnings by up to five times the amount.
The Power Play multiplier number is drawn before the lotto numbers each Wednesday and Saturday.
To increase the average jackpot size, two white ball numbers will be added, changing the jackpot odds to one in 146.1 million from 1 in 120.5 million. The overall odds of winning a cash prize will remain nearly the same at 1 in 36.6. This is up slightly from 1 in 36.06.
"These enhancements – bigger and faster-growing jackpots and a chance to win up to $1 million by selecting the Power Play option – are important steps to keep Powerball as the USVI's number one lotto game," Flemming said.
This is the fourth redesign for the well-known multistate jackpot games since its inception in 1992. The last change was in October 2002.
Back Talk

Share your reaction to this news with other Source readers. Please include headline, your name and city and state/country or island where you reside.

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.




Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.