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They want to do it bigger!

People aren’t all that impressed with Wednesday night’s $1 billion Powerball drawing, as the huge ten-figure jackpot has become all too common – with only about half as many people buying tickets en masse as a few years ago, according to experts and store owners.

“It’s known as jackpot fatigue. People are less excited about a big prize than they used to be because those big numbers are old news,” Victor Matheson, an economics professor at the College of the Holy Cross in Massachusetts, told The Post.

The latest skyrocketing windfall comes after a mysterious Mega Millions player won $1.1 billion in New Jersey last week and failed to lure many non-regular ticket buyers, Big Apple store officials said.

“It’s known as jackpot fatigue,” Victor Matheson, an economics professor at the College of the Holy Cross in Massachusetts, told The Post. AP

“They realize it’s going to be a billion dollars over and over again, three or four times a year, so you don’t have to come,” said Gautam Das, 62, an employee at the BP gas station in Bayside, Queens. . “You can grab the next one…So no urgency, and no problem.”

Ticket sales at the gas station used to triple when jackpots reached $1 billion — but drawing big crowds these days is a misfortune, the clerk said.

“It’s not like the old days when people went crazy… They came in and lined up all the way at the door of the station,” Das said.

It’s not clear whether anyone will win Wednesday night’s $1.09 billion drawing.

But many New Yorkers are gawking at the once eye-catching prize, which comes after lottery officials have made it harder to win in recent months, creating bigger jackpots.

Arthur Stavola buys his Power Ball ticket at Bayside Smoke Shop on Bell Blvd in Bayside, NY. James Messerschmidt

Lotteries are more likely to rake in $1 billion than they were a few years ago because the lottery system was tweaked to create lower odds, Matheson said.

A one-dollar increase in ticket prices and a spike in interest rates also makes the lotto’s so-called “annuity” — which lotteries advertise — much higher.

“They’ve made it harder to win, so you’re more likely to roll over before someone wins,” he said. “And with interest rates, you don’t have to accumulate that much to get to $1 billion.”

The phenomenon has led to a decline in sales and often causes the jackpot to grow more slowly after an initial peak.

Lotteries are more likely to rake in $1 billion than they were a few years ago because the lottery system was tweaked to create lower odds, Matheson said. AP

“Only half as many people nationally are buying tickets for $1 billion jackpots as in 2022,” he said.

For example, in October 2022, a $1 billion Powerball drawing sold 131 million tickets nationwide. In the case of Wednesday’s drawing, “they’ll be extremely lucky if they sell 70 million tickets,” Matheson said.

George Damoulakis, owner of Evers Pharmacy in Cambria Heights, Queens, said he no longer expects fuss over a billion-dollar price tag.

“People still play, but when it cost over a billion dollars… people came in droves! There was a line of people at my door saying, ‘I never play, but it’s so high. I have to, you know, I have to get in there,” he recalled.

Gautam Das, a manager at BP Gas on Bell Blvd in Bayside, NY, noted that people have noticed that despite the higher pot, there is something wrong with the lottery system. James Messerschmidt

“But people are no longer driven by the large numbers. There is no urgency now with a billion dollars.”

At the Bayside Smoke Shop in Queens, only a few die-hard lotto enthusiasts had purchased tickets for Wednesday night’s drawing.

“It’s not like it was five years ago. With large jackpots there would be a limit. Now, no line,” said clerk Sandip Patel, 26.

“It used to be that people who didn’t play Lotto would come in and hear them say, ‘This is my first time playing Lotto!’” he said. “Not anymore.”




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