DES MOINES, Iowa—No, it’s not lottery deja vu.
There really is another giant lottery jackpot up for grabs Saturday night, the latest in a string of big prizes enticing players to plunk down $2 and try to beat formidable odds.
This time, it’s an estimated $700 million Powerball jackpot drawing, which ranks at the 10th largest in U.S. lottery history. It comes on the heels of a $1.35 billion Mega Millions prize won by someone in Maine less than three weeks ago and a record $2.04 billion Powerball jackpot won by a California player last November.
The prizes grow so large because the odds of winning them are so long, at one in 292.2 million for Powerball. That allows jackpots to roll over week after week, getting bigger and bigger….