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By Brad Tuttle and Lon Tweeten
Updated: January 12, 2016 1:16 PM ET | Originally published: October 8, 2015

The new Powerball rules are a win-win for state lotteries. By tweaking the number of red and white balls to choose from, the already-horrendous odds of winning the jackpot are worse than ever. But more people are expected to play because the grand prizes will be bigger and the chances of winning something (like a measly $4) have actually increased.

The first drawing under the new system was in early October, and—not surprisingly—nobody won the $50 million jackpot. The big prize for Powerball has kept creeping upward, and the drawing for Wednesday, January 13, will feature a jackpot over $1.5 billion. Check out the graphic below to see how your odds of winning have changed—for better and for worse.

 

Read Next: New Powerball Odds Are Part of America’s Long Love Affair With Lotteries

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

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