There have been four jackpot lottery winners since August 29, 2007, and the last time a family from Jacksonville, Oregon won a large sum of money was in December, 2005. In the first drawing, a prize of $340 million was shared by a group of eight men and women working in a meatpacking plant. On February 18, 2006, a similar lottery jackpot was won in Nebraska. The winning tickets were sold by a meatpacking plant, and eight employees split the $365 million jackpot among themselves. The prize pool, which included all other winning numbers, increased by a third to a record high of $195 billion.
The prize pool is the biggest portion of the jackpot, and the winnings are usually based on the number of tickets sold. The estimated jackpot is based on the amount of money accumulated in the prize pool in previous drawings, the expected sales of the next drawing, and the interest rates on securities. Currently, the estimated jackpot is around 32.5% of the base play revenue collected by the game members. Once a person wins the jackpot, they’ll receive a large payout from the prize pool, and the remaining money goes back to the game.
The jackpot in the Powerball lottery is the second-largest in the world. In the MegaMillions, the winnings are approximately Rs. 3.6 billion, with one lucky winner winning an additional $1 billion. As of 2012, the average jackpot won was up to $141 million. The Powerball jackpot is estimated at $384.3 million. The tickets cost two dollars. Those who want to increase their chances of winning by adding a power play to their ticket cost one dollar.