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Declining Sales Push Powerball To Change Jackpot Rules

With waning lottery interest during the coronavirus pandemic, Powerball is restructuring its jackpot system, reducing the minimum growth between drawings.

Some changes are coming to the Powerball after its next major jackpot win.

The Multi-State Lottery Association, which runs the Powerball game, is putting the changes in place to combat declining sales.

Those new adjustments will go into effect after the next major Powerball win. The current jackpot is worth an estimated $170 million. The next drawing is on April 1, which means that those changes could start soon.

However, there’s no guarantee that that drawing will produce a winner. Drawings will continue every few days until someone claims the jackpot.

The Powerball is just the latest aspect of the gambling world to make changes because of COVID-19. Casinos around the country have already shut down, and sportsbooks are running out of options to provide bettors.

What exactly is the Powerball changing?

Typically after a drawing, Powerball jackpots reset to a $40 million annuity prize with a minimum roll increase of $10 million.

The new changes have that dipping to a $20 million annuity with minimum roll increases of $2 million.

Powerball Product Group Chairman Gregory Mineo issued a statement on the Powerball’s website about the changes.

“Powerball players in many U.S. lottery jurisdictions are under shelter-in-place orders or recommendations from their governors or mayors, which have affected normal consumer behaviors. Just like other enterprises around the world that are making adjustments, we are making proactive changes to continue to offer the world’s premier lottery product.”

At least for now, the Powerball is the only game that the Lottery Association is making changes to. However, that could easily change down the line as the situation develops.

The Hoosier Lottery’s changes could affect the Powerball

Since the Hoosier Lottery is one of the members of the Lottery Association, Powerball tickets are up for grabs throughout the state.

However, if the Powerball jackpot is won in Indiana, the payout would have to be claimed differently than usual. The same goes for all big jackpot winners in the state.

If the prize is worth $100,000 or more, which is certainly the case for the Powerball, winners have to call ahead. The Hoosier Lottery has a hotline set up at 800-955-6886 to set up appointments for claiming those bigger prizes.

Normally, you could just head to any of the Hoosier Lottery’s three offices around the state.

The Hoosier Lottery’s changes are fairly recent ones.

Indiana Gov. Eric Holcomb shut down non-essential businesses and government offices throughout the state on March 23. That decision closed the doors of the Hoosier Lottery’s claim centers, which made the changes necessary.

Winners of those big jackpots will also get a little extra time to claim their winnings. The deadline for claiming prizes has been bumped up to 240 days from the original 180.

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