How long does it take for The Pick jackpot to get above $1 million?
The jackpot amount is guaranteed to be $1 million. The $1 million is the annuitized value of the jackpot; the cash amount is approximately $500,000. In order for the jackpot to increase, sales need to reach and then exceed $500,000. Typically, it takes approximately six drawings for this to happen. Therefore, until sales are high enough to increase the jackpot estimate, we advertise it at $1 million.
