I'm ready to get my first Powerball ticket -- NOT!
Every time a Powerball ticket is bought, a massive 50% goes towards prizes (20% into the jackpot pool, the other 30% towards other prizes). The remaining 50% goes to the state where the ticket was bought to cover operating costs, retailer costs and of course good causes.
1.3 billion. . . . .
Ok. Now I'm interested.
People sometimes don't understand basic math. At work, they asked if there was a way to buy all the numbers. I said, of course. If the odds are 1 in 296 million, I will just round it to 1 in 300 million. That means 300 million combinations, so at $2 a ticket you can spend $600 million and buy every number possible.
"So why doesn't someone do that?"
"Well, the lump sum is probably going to be something less than $600 million dollars and you might have to share the winnings with someone else who just happened to hit the numbers. But also, anyone with $600 million doesn't want to bother trying to buy all the numbers."
l wonder what would happen if a baptised JW bought a ticket and won the 500 million prize.lm sure the elders would have something to say about this.l also wonder what would happen if the JW winner pledged to build a brand new kingdom hall and give each congregation member a million dollars each and the rest to bethel.
I always thought it was a tax for people that are bad at math, your odd are better going to vegas. But I recently read that buying a lottery ticket gives your brain a little boost of serotonin, so I guess you could look at it as a few bucks that lets you live a fantasy, dreaming of what you would do with the money. I don't see the harm as long as you don't spend the rent money. My husband just bpught $20 in tickets, our first ever time to play the lottery. I'm not holding my breath though.