There's a reason why these Powerball jackpots keep getting so massive. You're paying for it.

Wed, 10/04/2023 - 19:13

A sign advertises the $1.2 billion prize. — A sign shows the estimated jackpot for Powerball in the window of a store on October 04, 2023 in Miami, Florida.
Photo by Joe Raedle/Getty Images

The Powerball jackpot has surpassed the billion dollar mark for the second time this year.
Recent record prizes are thanks to increasing lottery awareness and an additional drawing day.
But your chances of hitting it big still remain laughably low.

The Powerball jackpot has surpassed the billion mark for the second time this year with a near-record $1.2 billion prize up for grabs in Wednesday night's drawing.