US Powerball History
From ‘Lotto America’ to ‘Powerball’
The American Powerball lottery was originally known under a different moniker, Lotto America, which came to life in February of 1988. In April 1992, Lotto America was subjected to many changes, including a new number of nine prize categories, improved overall winning odds and bigger jackpots. This was the reason to change the name of the game to the current Powerball.
Powerball changes of 2012
On January 15, 2012, Powerball again underwent major changes, in order to produce bigger jackpots, better odds of winning and more millionaires. The changes also meant a slight increase of the price of a Powerball ticket, which went up to $2. Key changes were as follows:
- Starting jackpot doubled from $20 million to $40 million
- Jackpots increase by a $10 million minimum amount with each rollover
- Odds of winning the jackpot improved from 1 in 195.2 million to 1 in 175.2 million
- Overall winning odds improved from 1 in 35 to 1 in 32
- Match-5 secondary prize increased from $200,000 to $1 million
- The Powerball-only prize (0+PB) increased from $3 to $4
We all know what the changes of 2012 have brought us: in 2013 alone a new Powerball jackpot record of $590 million has been set and five more jackpots of over $200 million have been won by a lucky few. Now that any potential knowledge gaps regarding the US Powerball history are filled, we can safely look towards the remainder of 2014 – let’s hope jackpots are at least as high as the expectations!