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-   -   Money Powerball jackpot.....500 million and growing! (http://www.chiefsplanet.com/BB/showthread.php?t=267119)

Deberg_1990 11-27-2012 11:31 AM

Powerball jackpot.....500 million and growing!
 
Will you partake?



http://abcnews.go.com/Business/power...ry?id=17812739


The jackpot for Wednesday's Powerball drawing now stands at $500 million -- the richest Powerball pot ever -- and it's likely to get even sweeter.

"Back in January, we moved Powerball from being a $1 game to $2," says Mary Neubauer, a spokeswoman for the Iowa lottery. "We thought at the time that this would mean bigger and faster-growing jackpots."

It's proved true. The total, she says, "has been taking huge jumps -- another $100 million since Saturday." (The most recent drawing, on Saturday night, produced no winning numbers.)

Until now, the biggest Powerball pot on record -- $365 million -- was won in 2006 by eight Lincoln, Neb., co-workers.

In Photos: Biggest Lotto Jackpot Winners

Lottery officials in Iowa, where Powerball is headquartered, have started getting phone calls from all around the world. "When it gets this big," says Neubauer, "we start getting inquiries from Canada and Europe from people wanting to know if they can buy a ticket. They ask if they can FedEx us the money."

The answer she has to give them, she says, is: "Sorry, no. You have to buy a ticket in a member state from a licensed retail location."

About 80 percent of players don't choose their own Powerball number, opting instead for a computer-generated one.

Asked if there's anything players can do to improve their odds of winning, Neubauer says no -- apart from buying a ticket, of course.

Lottery officials put the odds of winning Wednesday's Powerball pot at one in 175 million, meaning you are 25 times more likely to win an Academy Award.

Skip Garibaldi, a professor of mathematics at Emory University in Atlanta, provides additional perspective: You are three times more likely to die from a falling coconut, he says; seven times more likely to die from fireworks, "and way more likely to die from flesh-eating bacteria" (115 fatalities a year) than you are to win the Powerball lottery.

Segueing, then, from death to life, Garibaldi notes that even the best physicians, equipped with the most up-to-date equipment, can't predict the timing of a child's birth with much accuracy.

"But let's suppose, however, that your doctor managed to predict the day, the hour, the minute and the second your baby would be born," Garibaldi says. The doctor's uncanny prediction would be "at least 100 times" more likely than your winning Wednesday.

Even though he knows the odds all too well, Garibaldi says he'll usually play the lottery. "When it gets this big, I'll buy a couple of tickets. It's kind of exciting. You get this feeling of anticipation. You get to think about the fantasy."

So will he be purchasing two tickets for Wednesday's Powerball? "I can't," he tells ABC News. "I'm in California" -- one of eight states that doesn't offer Powerball.

something cooler 11-27-2012 11:34 AM

Aren't your odds of being the sole winner better without so baby people playing?

Bump 11-27-2012 11:37 AM

no, i don't waste money on the lottery. The fact that they push the lottery on people but think poker (a skilled form of gambling) is the debil, pisses me off.

Bowser 11-27-2012 11:38 AM

Crazy. They said if you are the sole winner and take the cash option, your bring home would be 327 million (not o****ing local and state taxes, if applicable). I'm not sure that's accurate, but just what I heard.

There will be a minimum of three tickets that win this thing.

Brock 11-27-2012 11:38 AM

Bought a few.

KCUnited 11-27-2012 11:38 AM

Quote:

Originally Posted by Argo (Post 9156682)
Aren't your odds of being the sole winner better without so baby people playing?

I don't like how lottery pampers to the low income and old people.

Brock 11-27-2012 11:39 AM

Quote:

Originally Posted by KCUnited (Post 9156699)
I don't like how lottery pampers to the low income and old people.

Don't come in here and put a diaper on the festivities.

Bowser 11-27-2012 11:39 AM

Quote:

Originally Posted by Bump (Post 9156689)
no, i don't waste money on the lottery. The fact that they push the lottery on people but think poker (a skilled form of gambling) is the debil, pisses me off.

It's hypocrisy, for sure.

And way to not help out the schools, asshole. I have a kid that might be using the A+ program one day, so get your ass out there and buy a ticket.

Bowser 11-27-2012 11:40 AM

Quote:

Originally Posted by KCUnited (Post 9156699)
I don't like how lottery pampers to the low income and old people.

I thought the boats did that?

KC_Lee 11-27-2012 11:40 AM

Had a couple of extra bucks in my pocket and bought a ticket.

theelusiveeightrop 11-27-2012 11:41 AM

Probably have multiple winners this time around. Never usually play. Two bucks? In on this one.

bevischief 11-27-2012 11:41 AM

Better odds than ever seeing Social Security in my life time.

theelusiveeightrop 11-27-2012 11:43 AM

Overall, lotteries typically run about a 35-percent profit,

Read more: http://www.foxnews.com/us/2012/11/27...#ixzz2DRxc0fl5

Deberg_1990 11-27-2012 11:46 AM

Quote:

Originally Posted by KCUnited (Post 9156699)
I don't like how lottery pampers to the low income and old people.

Come on..its for the schools.

KCUnited 11-27-2012 11:51 AM

Quote:

Originally Posted by Deberg_1990 (Post 9156728)
Come on..its for the schools.

It was a baby/pampers joke, but yeah, I bought a ticket.


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