The jackpot for the Powerball lottery has reached an astounding $1.5 billion — if claimed as a lump sum, the value of the prize is an estimated $930 million. Winners can either claim their prize in the form of a one-time payment or be paid the full value of the winnings over the course of 30 years.
The jackpot reaching record-breaking proportions is no accident — last fall, the Multi-State Lottery Association decreased the odds of winning from approximately 1 in 175 million to 1 in more than 290 million.
To win the jackpot, players must choose the same five numbers and Powerball drawn by lottery officials on Wednesday and Saturday nights.
Despite the odds, first year biology major Megan Kuhn said she’d buy a ticket.
“It’s $2, why not?” she said.
If she won, she said she’d drop out of school and use the money to travel the world.
Political science major Luke De Mott had a clear idea of what he would do with the nearly $1.5 billion in winnings.
“I’d probably pay for all of my education and rent an apartment in the Marina District of San Francisco and live there,” De Mott said.