The Mechanics of Lotto and Powerball Jackpots
When was the last time that you picked a number from the lottery and won? Did you get lucky? If not then you can at least take heart in the fact that you're not the only lottery winner who doesn't get to celebrate their win. Unfortunately the lottery is not a sure bet and everyone who play the lotto have a better chance of winning the jackpot than you do. The average win amount for any lottery draw is one week's worth of draws. The Iowa Lottery strives to make sure that the numbers chosen for each draw are random and therefore not subject to bias or guesswork. You have to be at least twenty-one years old to win in the lottery. Once you've won once, you're eligible to win again but the chances of winning increase with age. Like the lottery, winning the jackpot has become all about probability. One in every four draws will produce a winning number. There are also different levels of jackpots ranging from the smallest jackpot to the largest in the state. If you hit t...