If you delay enrolling in Medicare, you can continue to stash cash in a health savings account. But this may not be a good move. By Kimberly LankfordSee my bio, plus links to all my recent stories.
Since tickets cost $2, the prize pool has to be at least ($2 x 175 million = ) $350 million before buying a Powerball ticket is what gamblers call a positive-expectation play â a bet that, statistically, will pay more than $1 for each $1 played.
Jackpots will start at $40 million and the jackpot is being made easier to win. The overall odds of winning any prize are also easier, and there are more chances to win a prize of at least $1 million cash. The ticket price also will change, moving from $1 to $2. Since getting its start in April 1992 in 15 states with jackpots that started at a guaranteed $2 million, Powerball has grown into one of the world's biggest and most recognizable lottery games.