Why have there been so many massive Powerball, Mega Millions jackpots recently?
*For previous coverage of the Mega Millions jackpot, watch above.
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Earlier this month, someone hit the
Why does it seem like there are so many record-setting lottery jackpots recently?
It's largely due to how the games are structured.
Both
Certain rule changes —
"It was, by design, to fuel bigger jackpots,"
For example, November's world-record
Lottery officials also use sales numbers between drawings to calculate the jackpot (that's part of the reason why it's referred to as an "estimated value").
It isn't just ticket sales that impact the jackpot's size, however, but also inflation and interest rates.
Winners of both
As Becker explains, rising interest rates sparked by record inflation have also led to greater purchasing power. While the lump sum, cash payment of the lottery exists and is real, the advertised lottery jackpot refers to the annuity option.
"If [winners] take the annual payments, which happens far less often, then we invest their winnings and pay them annually," Becker says. The money is invested conservatively into
Those jackpot amounts advertised ahead of the drawing also play an important role - they're advertising for the game. Larger prizes tend to draw more players, and more ticket sales (real and forecasted) lead to bigger estimated jackpots.
There are many factors that can impact sales as well. Becker notes that in
Still, as nice as the


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