Powerball Lottery History and Statistics

Mega Millions began on August 31, 1996 as the Big Game. The first drawing took place on September 6, 1996, with six states participating: Georgia, Illinois, Maryland, Massachusetts, Michigan and Virginia.

After exciting growth of the game in 1997, a Tuesday drawing was added in February 1998. Players were given a larger choice of numbers and a “cash payout” option in January 1999. In May 1999, New Jersey became the seventh member state.

In May 2002, the multi-state game was given the new name of “Mega Millions,” New York and Ohio became member states, and the game matrix and prize amounts were changed to offer players more excitement.

In September 2002, Washington became the 10th member state, followed by Texas in December 2003. In June 2005, California became the 12th member, solidifying Mega Millions as the country’s most widely played multi-state jackpot game.

On January 31, 2010, 23 more state lotteries joined Mega Millions as an historic cross-selling agreement between Mega Millions and Powerball went into effect. With additional lotteries joining since then, Mega Millions is now played in 45 jurisdictions: 43 states plus the District of Columbia and the U.S. Virgin Islands.

On March 30, 2012, Mega Millions made history with the world’s largest prize in any jackpot game ever: $656 million. The jackpot was split three ways, by winning tickets in Kansas, Illinois and Maryland. The record stood for almost four years until it was eclipsed by a Powerball jackpot in January 2016.

Mega Millions entered a new era on October 19, 2013, with a matrix change designed to create bigger jackpots, second-tier prizes of up to $5 million with the Megaplier feature, and better overall odds.

The following statistics were compiled from 34 national lottery winners (8 Male, 26 Female) Average age of 46
Powerball Effects on Happiness
Percent of lottery winners who are happier after winning 55 %
No effect on happiness 43 %
Are less happy 2 %
Of the 55% of winners who are happier
Claimed the reasons were improved financial security and fewer worries 65 %
Claimed the reason was they can buy what they want and that life is a lot easier 23 %
Powerball Effects on Family Life
Percent who remained married after winning 95 %
Percent who were living with a partner (not married) and are still in the relationship 100 %
Percent of winners whose family claims to be happier 58 %
Percent of families who claim to be less happy 37 %
Percent of families who cited increased financial security as the main reason 34 %
Probability that new family wealth will be gone by the third generation 90 %
Percent of winners who have given some money to their family 83 %
Of these:
Percent who gave money to their siblings 66 %
Percent who gave money to their children 57 %
Percent who gave money to their parents 51 %
Likeliness that the winner’s family will ask for money
Percent of families who asked for winnings from winners of $100,000 to $500,000 17 %
Percent who asked for winnings from winners of $4 Million + 29 %
Powerball Effect on Friendships
Percent of winners who already had a best friend and are still best friends 90 %
Average number of friends men winners give money to 3
Average number of friends women give money to 1
Powerball Effects on Lifestyles
Percent of lottery winners who had spent their entire winnings within 5 years 44 %
Percent who increased contributions to charity 40 %
Percent who vacationed outside of the country for the first time 19 %
Percent who have still not vacationed outside of the country 12 %
Percent of winners who purchased a motor-home / RV 7 %
Percent of winners who have moved since their win 38 %
Of those who moved: Percent who moved from an apartment to a single family home 75 %
Percent of lottery winners who now own property in foreign countries 24%
Percent of lottery winners who have had plastic surgery 1 %
Percent of winners who moved their kids from public to private schools 3 %
Percent of winners who joined a health club 12 %
Percent of winners who have gained weight 32 %
Percent of winners who have lost weight
Powerball Effects on Work
Percent of winners who were in a career job before their win and are still in that job 48 %
Percent of winners who have started a new job since winning 15 %
Percent of winners who started their own business 45 %
Percent of lottery winners who still play the lottery on a weekly basis 68 %
The following is a breakdown of what lottery winner Brad Duke did with his $220 million Powerball jackpot in 2005
Safe, low-risk investments such as municipal bonds $45 Million
Aggressive investments like oil and gas and real estate $35 Million
A family foundation $1.3 Million
A trip to Tahiti with 17 friends $63,000
Mortgage paid off on his 1,400 square-foot house $125,000
Student loan paid off $18,000
New bicycles $65,000
Used black VW Jetta $14,500
Annual gift to each family member $12,000

Powerball Lottery News and Updates

Powerball Lottery Reaches $1.3 Billion

The current Powerball grand prize of $1.3 billion is by far the biggest lottery jackpot of all time.

The instant scratch-off games available in most states typically draw more players, but only Powerball and Mega Millions have such staggering grand prizes.