Wednesday night’s Powerball drawing will be the largest lottery jackpot in American history. At mid-day the lines didn’t seem outrageous to numerous customers.
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If this kind of manipulation is needed to keep people interested, though, it’s bound to create a different sort of jackpot fatigue.
“My son was home from college, and it was something to do with him”, she said.
“Just hearing everyone talk about it and feeling the excitement, I’ve never seen anything stimulate so much positive energy in my life, I mean across the world people are excited about this game, this jackpot and I think that’s incredible”.
In all, 406,168 Marylanders won prizes of $4 and up in the January 9 drawing, according to the Maryland Lottery.
But it won’t really make a difference.
Denominator? Oh yeah, the bottom part of a fraction.
People who don’t frequently play Powerball may not realize that they have eight other ways to win on that $2 ticket – and the odds are much better than 1 in 292.2 million odds of winning the jackpot, according to the Powerball website.
First of all, “odds are different from probability”, Worth said. Odds are a ratio based on probability.
Legions of players have been undeterred by one-in-292m odds of scooping Wednesday night’s Powerball draw. They said if their numbers come up, they’ll get professional legal help handing out the winnings.
One smart thing to do, from a financial perspective, is to take the lump sum although it may be lower than the final cost advertised and invest it. Your newfound wealth will grow even more over the years, says CFP Jason Heath.
In addition, one study found that 15 percent of millennials say the lottery is their retirement plan. So roughly $5.84 million of those dollars are tax deductible from your winnings. In his weekly column, Bentley counseled a reader not to divert his “coffee money” to buy lottery tickets, pointing out if he buys coffee, at least he gets something for his money.
The IRS, however, later taxed her $1.1 million after learning she placed her winning in a corporation and granted her family 51 percent of the stock.
The cash payout for the current Powerball prize? The rest is money that you can use to pay off your mortgage and other debts and put towards conservative investments.
“Yeah, I bought a few”, said guard Trai Turner. “There were others last week in North Carolina where they did win dollar amounts”.
On Tuesday, Murphy bought five tickets instead.
The four $150,000 winning tickets had purchased the multiplier, which tripled a $50,000 regular prize.
Any player who matches the Powerball number wins $4.
“I couldn’t even eat”, Walsh said. “Neither one of us won”.
With hallucinatory visions of plutocratic grandeur on sale for just $2 a pop, Powerball tickets have been selling at a rate of more than 2 million an hour since Saturday’s drawing failed to turn up a victor.
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Still no winners, but that’s not the point. “We’re high on a lot of the bad lists”, said Nevada Democratic Assemblyman James Ohrenschall, who co-sponsored the latest failed attempt to repeal the state’s constitutional lottery ban.
