Money Powerball jackpot.....500 million and growing! - Page 10

Deberg_1990 · 11-27-2012, 12:31 PM

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.

11-29-2012, 12:41 AM

If I had won, last thing I would be doing is posting on ChiefsPlanet. I'd check into a seedy motel and claim the pot in the morning.

AussieChiefsFan · 11-29-2012, 12:42 AM

Cant be bothered reading all the pages? anyone win?

tk13 · 11-29-2012, 12:43 AM

Quote:

Originally Posted by Phobia

If I had won, last thing I would be doing is posting on ChiefsPlanet. I'd check into a seedy motel and claim the pot in the morning.

That's just what you want us to think. When you roll up to the food drive Sunday in a Ferrari, everyone will know.

AussieChiefsFan · 11-29-2012, 12:44 AM

Quote:

Originally Posted by tk13

That's just what you want us to think. When you roll up to the food drive Sunday in a Ferrari, everyone will know.

11-29-2012, 01:00 AM

Quote:

Originally Posted by tk13

That's just what you want us to think. When you roll up to the food drive Sunday in a Ferrari, everyone will know.

I got to be honest with you... I was hoping to win $3 so I would have enough mon-ay to GET to the food drive. I hope somebody brings a can of clam chowder. We will accept cans of beer too, but we prefer bottles.

NJChiefsFan · 11-29-2012, 01:37 AM

What I find strange is why people flip shit over $500 million but not when its at $100 million. While there is quite a large literal difference in the total, is it not really the same result? From a working class citizen to now only worrying about HOW to spend your money. Forgive me for sounding like a dick but I just don't see how risking $2 for $500 million is worth it but $2 for 100 million isn't. Perhaps its just the excitement of it all.

Sorter · 11-29-2012, 01:39 AM

Quote:

Originally Posted by NJChiefsFan

What I find strange is why people flip shit over $500 million but not when its at $100 million. While there is quite a large literal difference in the total, is it not really the same result? From a working class citizen to now only worrying about HOW to spend your money. Forgive me for sounding like a dick but I just don't see how risking $2 for $500 million is worth it but $2 for 100 million isn't. Perhaps its just the excitement of it all.

If you think about it, getting 50k in straight up cash is more than enough if you invest wisely.

****, if you're competent at betting you could probably make some serious money with 30k disposable.

NJChiefsFan · 11-29-2012, 01:42 AM

Quote:

Originally Posted by Sorter

If you think about it, getting 50k in straight up cash is more than enough if you invest wisely.

****, if you're competent at betting you could probably make some serious money with 30k disposable.

Indeed. And obviously as far as just winning and being set for life goes, there is a line. I just don't think that the line is anywhere near the number that powerball and mega are always at. If you are someone making sure they put money down on the $500 million jackpot, then to me you should be someone making sure you put money down on any of the major jackpots whenever they draw.

Unsmooth-Moment · 11-29-2012, 01:43 AM

2 winners. One from Arizona and the other from Missouri. Check those tickets!

Sorter · 11-29-2012, 01:47 AM

Quote:

Originally Posted by Unsmooth-Moment

2 winners. One from Arizona and the other from Missouri. Check those tickets!

11-29-2012, 01:48 AM

Quote:

Originally Posted by NJChiefsFan

What I find strange is why people flip shit over $500 million but not when its at $100 million. While there is quite a large literal difference in the total, is it not really the same result? From a working class citizen to now only worrying about HOW to spend your money. Forgive me for sounding like a dick but I just don't see how risking $2 for $500 million is worth it but $2 for 100 million isn't. Perhaps its just the excitement of it all.

Yeah. Big talk. I bought a ticket on a whim once on vacation down south and I'm pretty sure most the numbers hit since I played my legitimate kids and my illegitimate kids birthdays but that bad boy was only like $70,000,000 or so and I am not driving back down there for that paltry number.

Sorter · 11-29-2012, 01:50 AM

Quote:

Originally Posted by Phobia

Yeah. Big talk. I bought a ticket on a whim once on vacation down south and I'm pretty sure most the numbers hit since I played my legitimate kids and my illegitimate kids birthdays but that bad boy was only like $70,000,000 or so and I am not driving back down there for that paltry number.

Titty Meat · 11-29-2012, 01:51 AM

I won it and would lilke to invite all of you to become part owners as I attempt to buy the Chiefs.

Sorter · 11-29-2012, 01:54 AM

Quote:

Originally Posted by Bo's Pelini

I won it and would lilke to invite all of you to become part owners as I attempt to buy the Chiefs.

11-29-2012, 01:56 AM

Quote:

Originally Posted by Bo's Pelini

I won it and would lilke to invite all of you to become part owners as I attempt to buy the Chiefs.

If you bought the Chiefs I want the next Arrowhead improvement project. You owe me, beesh.

11-27-2012, 12:31 PM
Deberg_1990 In Search of a Life Join Date: Jan 2004 Location: San Antonio Tx. Casino cash: $3914454	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.
Posts: 66,914

11-29-2012, 12:41 AM	#136
Phobia Guest Casino cash: $	If I had won, last thing I would be doing is posting on ChiefsPlanet. I'd check into a seedy motel and claim the pot in the morning.
Posts: n/a

11-29-2012, 12:42 AM	#137
AussieChiefsFan MVP Join Date: Mar 2012 Location: Sydney, Australia Casino cash: $6598501	Cant be bothered reading all the pages? anyone win?
Posts: 13,731

11-29-2012, 01:37 AM	#141
NJChiefsFan I've Made a Huge Mistake Join Date: Aug 2011 Location: NJ Casino cash: $5770423	What I find strange is why people flip shit over $500 million but not when its at $100 million. While there is quite a large literal difference in the total, is it not really the same result? From a working class citizen to now only worrying about HOW to spend your money. Forgive me for sounding like a dick but I just don't see how risking $2 for $500 million is worth it but $2 for 100 million isn't. Perhaps its just the excitement of it all.
Posts: 12,235

11-29-2012, 01:43 AM	#144
Unsmooth-Moment Veteran Join Date: Sep 2011 Location: MO Casino cash: $9390051	2 winners. One from Arizona and the other from Missouri. Check those tickets!
Posts: 1,528

11-29-2012, 01:51 AM	#148
Titty Meat Inmem 2.0 Join Date: Aug 2007 Location: My house Casino cash: $2367558	I won it and would lilke to invite all of you to become part owners as I attempt to buy the Chiefs.
Posts: 75,018