The $1.73 billion Powerball jackpot is the second largest ever

More of the year-end planning

Here’s a look at more coverage on what to do financially as the end of the year approaches:

One reason for more frequent big Powerball jackpots is a change in the gaming matrix in 2015, according to J. Bret Toyne, executive director of the Multi-State Lottery Association, which operates Powerball.

Powerball players must match all six numbers to win the top prize – five white balls and one red ball for the jackpot.

In 2015, Powerball added more numbers for the white and red balls, reducing the chance of hitting the jackpot. There is currently about a 1 in 292 million chance of winning the top prize, compared to the previous odds of about 1 in 175 million, Toyne said.

The IRS will impose a higher tax on resold tickets under the new law

The game also added a Monday drawing in 2021, he said. Without a jackpot winner, the estimated top prize increases until a player selects all six numbers.

Higher interest rates have pushed up jackpots

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