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Charles Clotfelter: $1B Powerball jackpot second highest in history
['Monica Casey', 'Wral Durham Reporter']
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It's now easier to win small prizes, and more difficult to win the entire jackpot. The odds of winning the jackpot are 1 in 292 million, but the odds of winning a small prize are 1 in about 25. In 2015, Powerball decreased the number of red balls from 35 to 26, making it easier to win small prizes.