Why the lottery is making more and more billionaires in the United States

by time news

2023-08-16 17:01:09

The jackpot amount displayed in the window of a store in Silver Spring, Maryland on August 7, 2023. CHIP SOMODEVILLA/Getty Images via AFP

DECRYPTION – Like the jackpot of 1.58 billion dollars won by an American on August 8, jackpots exceeding one billion are more and more frequent.

With today no less than 735 fortunes exceeding one billion dollars, according to Forbes magazine, which is constantly counting them, the United States remains a paradise for billionaires. From entrepreneur Elon Musk to singers Kanye West and Rihanna, not forgetting Donald Trump, they are followed like demi-gods across the Atlantic. The novelty is that any person can now hope to join the club of the ultra-rich. All you have to do is buy a ticket, for the modest sum of two dollars, to one of the two lotteries, Mega Millions and Powerball, which federate the draws of almost all of the 50 American states, every Tuesday and Friday.

On August 8, a resident of Florida won the bet of 1.58 billion dollars (1.48 billion euros) offered by Mega Millions. The suspense was at its height because it had been more than three months since there had been a winner. The jackpot, which is normally a minimum of $20 million with each draw…

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