How long until the Powerball jackpot reaches $1 billion? When will Powerball players get the chance to be billionaires again? The Powerball jackpot is finally surpassing $100 million because no one has won the jackpot since the big $1.5 billion drawing on January 13. But is there a chance it will get back to $1 billion? If so, how long will it take?
Here’s what you need to know.
The Chances that the Powerball Jackpot Will Reach $1 Billion Are Better Now Than Last Year
There’s no guarantee that the Powerball jackpot will get back up to $1 billion again. However, since the Powerball was changed in October 2015, there’s more of a chance that the jackpot can get that big again. In October, the pool of numbers you can pick from increased. Now, when you play Powerball, you can choose any number from 1 to 69 for the first five numbers. For the last Powerball number, you can choose from 1 to 26. Before October, you chose any number from 1 to 59 for the first five and from 1 to 35 for the Powerball number. Although you have a greater likelihood of getting the Powerball right now, you have less of a chance of picking all five of the first numbers. Today, the likelihood of winning a Powerball jackpot and picking all the numbers is 1 in 292,201,338, according to Syracuse.com. The likelihood before October was 1 in 175,223,510. That’s why the jackpot got to over $1 billion when it never had before.
If No One Wins the Powerball Jackpots in Every Drawing, It Might Take a Little More Than a Month
When the Powerball reached $1.5 billion on January 13, it was because no one had won the Powerball jackpot since November 4, 2015. With two drawings a week, there were no winners from November 7, 2015 until January 13. This means that we’d need to go approximately a little more than two months without a jackpot winner to get that high again. (Of course, this also depends on the number of tickets sold, too.) It’s been less than a month since the last Powerball jackpot winner, so we still have more than a month to go before we’ll likely get back up to a billion-dollar jackpot.
Of course, all that depends on no one winning the Powerball jackpot before then.