The Powerball jackpot hit $1.2 billion. Here's why people believe they'll win — even when the odds are 1 in 292 million.

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hand holding powerball lottery ticket
A man displays his Powerball lottery numbers after buying a ticket at a convenience store in Miami, November 2, 2022.

Rebecca Blackwell/AP Photo

Chinese consumers are turning to the lottery for money as the economy sputters and youth unemployment soars

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China's President Xi Jinping
China's President Xi Jinping

Lintao Zhang

How lotteries work and 3 key steps to take if you win one

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Our experts answer readers' investing questions and write unbiased product reviews (here's how we assess investing products). Paid non-client promotion: In some cases, we receive a commission from our partners. Our opinions are always our own.

Mega Millions jackpot lottery climbs to $1.55 billion and could end up being the largest in its history

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A Mega Millions ticket printed at the Indiana State Fair on Aug. 3, 2023, in Indianapolis.
A Mega Millions ticket printed at the Indiana State Fair on Aug. 3, 2023, in Indianapolis.

Darron Cummings/AP

Mega Millions jackpot tops $1 billion, making it one of the largest lottery prizes in US history

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Mega Millions sign and lottery tickets are seen at a store in New York, United States on January 12, 2023.
Mega Millions sign and lottery tickets are seen at a store in New York, United States on January 12, 2023.

Fatih Aktas/Anadolu Agency via Getty Images

A woman claiming to be the winner of the $1.08 billion Powerball jackpot was lying and 'just wanted to be on TV,' store owner's granddaughter says

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hand holding powerball lottery ticket
A man displays his Powerball lottery numbers after buying a ticket at a convenience store in Miami, November 2, 2022.

Rebecca Blackwell/AP Photo

The store owner who sold $1 billion Powerball ticket plans to take his family on a vacation to Mexico with the $1 million reward

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A display panel advertises tickets for a Powerball drawing.
A display panel advertises tickets for a Powerball draw.

Keith Srakocic/AP

How to win the lottery, according to a Romanian-born mathematician who hacked the system, won 14 times, and retired on a remote tropical island

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There's a science behind hacking the lottery.

Justin Sullivan/Getty Images

The $1 billion Powerball jackpot is up for grabs. Here are disappointing stories that reveal what it's really like to win the lottery.

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Andrew Jackson aka Jack Whittaker waves as he gets into his rented limousine at Sixth Ave. and 48th St. during a visit to New York City after winning the $314.9 million Powerball jackpot on Christmas day in 2002.
Andrew Jackson 'Jack' Whittaker waves as he gets into his rented limousine at Sixth Ave. and 48th St.

Just after being cut in line at Publix, a Florida man won $1 million on a scratch-off ticket

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Lottery playing slips are shown at a supermarket kiosk, Monday, Jan. 2, 2023, in Surfside, Fla.
Lottery playing slips are shown at a supermarket kiosk, Monday, Jan. 2, 2023, in Surfside, Fla.

Wilfredo Lee/AP

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