Things are tough all over, even for the Powerball lottery.
States that participate in the Powerball drawing, including Arkansas, announced a rollback of the minimum jackpot, and a decrease in the minimum increase between drawings.
The changes reflect a drop in lottery ticket sales due to the COVID-19 pandemic.
Following the next grand prize win, Powerball’s starting jackpot will reset to a guaranteed $20 million (annuity) with minimum roll increases of $2 million between drawings.
“Powerball players in many U.S. lottery jurisdictions are under shelter-in-place orders or recommendations from their governors or mayors, which has affected normal consumer behaviors,” said Bishop Woosley, director of the Arkansas Scholarship Lottery.
“Just like other enterprises around the world that are making adjustments, the lottery industry is making proactive changes to continue to offer the world’s premier lottery product.”
Wednesday night’s advertised jackpot is a guaranteed $150 million ($114.8 million cash Value). If the jackpot is won, the jackpot will reset to a guaranteed $20 million (annuity) for the Saturday, March 28 drawing with minimum jackpot roll increases of $2 million between drawings. If the jackpot is not won tonight, then the jackpot will grow to an estimated $160 million (annuity).
The Mega Millions lottery has not made a similar announcement, but it is expected to follow suite.