Powerball Jackpot Soars to Record-Breaking $1.55 Billion

The Powerball jackpot has increased to $1.55 billion after no winning tickets were sold in the latest drawing. This marks the third-largest jackpot in Powerball's history. The game's organizers have intentionally designed the lottery to produce snowballing jackpots and fewer winners by adding more balls to drawings, doubling ticket prices, and funneling more money into the main jackpot. Powerball and Mega Millions have become national phenomena, spreading the chances of a winning ticket across a wider population.