New York CNN Business —
The Powerball lottery jackpot is expected to hit $1.9 billion for Monday’s drawing, making it the largest lotto prize ever.
But in 1987 when Lotto America, the precursor to Powerball, was introduced, organizers prohibited jackpots of more than $80 million.
“There were concerns about what you could do with that money — like buy a small country or something,” Ed Stanek, director of Lotto America, said at the time.
Lottery frenzy had taken hold in the 1980s as more states introduced lotteries to collect revenue for education and social programs,
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