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1 Billion Dollar Lotto Jackpots Possible
Lottery ticket sales continue to skyrocket with the third largest prize given away this past Saturday and now there is talk that jackpots could start hitting between $500 million and $1 billion.
A Rhode Island man won $336 million in that state’s Powerball jackpot.
"Could we see even bigger numbers? Anything's possible," Rebecca Paul Hargrove, head of the Multi-State Lottery Association (MUSL), which coordinates Powerball, told USA Today.
"When a jackpot hits $200 million, it becomes water cooler talk and the increase in play is dramatic."
The winning concept, according to Terri La Fleur, publisher of the gaming journal La Fleur’s: Big jackpots drive big ticket sales.
"We envision it can go over $500 million," La Fleur told the newspaper.
- Aaron Goldstein, Gambling911.com
Submitted by Aaron Goldstein on Tue, 02/14/2012 - 12:10