Do you play the Powerball lottery game? Yeah, we do too. But how many of us Powerball players are out there?
Before we get to that question, let’s just recap what the Powerball lottery game is for those who are not familiar with it.
First off, it’s an American lottery game offered in 44 of the 50 U.S. states. It’s also available in Washington, DC, as well as Puerto Rico and the U.S. Virgin Islands.
Powerball’s minimum advertised jackpot is $40 million (annuity); Powerball’s annuity is paid in 30 graduated installments; winners may choose cash instead.
The basic game costs $2.00 to play; there is a “Power Play” option that costs $3.00.
Players must select 5 numbers (ranging from 1 to 69). Players must also select one number (ranging from 1 to 26) for the Powerball. Alternatively, you can let the lottery computer select the numbers for you.
You win based on how many numbers you are able to match (check out the National Powerball website for details, as the payout is different depending upon how many numbers you match, etc.).
So getting back to our question – how many people play Powerball?
Our research suggests women play Powerball slightly more than men (see table below).
We also find that playing Powerball correlates somewhat with age – that is, older people are more likely to give the odds a whirl.
Other than the above, we didn’t see that much variation in playing propensity by other demographic variables. But we didn’t test all that many variables, so who knows what other correlates are out there.
An analysis for another day!