Powerball lottery ticket sales plummet due to jackpot fatigue


HOUSTON – Powerball ticket sales are dropping and jackpot fatigue may be to blame.

Lottery industry experts said the phenomenon happens when bettors seem to require ever-larger stakes in order to continue buying tickets at the same pace as in the past. One of the reasons it may be setting in now is because there hasn't been a Powerball jackpot above $257 million in nearly a year.

Officials said Powerball sales collapsed by 40 percent in the second half of 2014, compared to the previous year. But in the 15 months prior to February 2014, there were five jackpots of at least $400 million, including one that hit $600 million in the spring of 2013.