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Old 11-27-2012, 12:31 PM  
Deberg_1990 Deberg_1990 is offline
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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.
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Old 11-27-2012, 12:34 PM   #2
something cooler something cooler is offline
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Aren't your odds of being the sole winner better without so baby people playing?
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Old 11-27-2012, 12:37 PM   #3
Bump Bump is offline
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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.
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Old 11-27-2012, 12:38 PM   #4
Bowser Bowser is offline
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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.
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Old 11-27-2012, 12:38 PM   #5
Brock Brock is offline
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Old 11-27-2012, 12:38 PM   #6
KCUnited KCUnited is offline
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Quote:
Originally Posted by Argo View Post
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.
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Old 11-27-2012, 12:39 PM   #7
Brock Brock is offline
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Quote:
Originally Posted by KCUnited View Post
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.
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Old 11-27-2012, 12:39 PM   #8
Bowser Bowser is offline
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Quote:
Originally Posted by Bump View Post
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.
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Old 11-27-2012, 12:40 PM   #9
Bowser Bowser is offline
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Quote:
Originally Posted by KCUnited View Post
I don't like how lottery pampers to the low income and old people.
I thought the boats did that?
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Old 11-27-2012, 12:40 PM   #10
KC_Lee KC_Lee is offline
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Had a couple of extra bucks in my pocket and bought a ticket.
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Old 11-27-2012, 12:41 PM   #11
theelusiveeightrop theelusiveeightrop is offline
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Probably have multiple winners this time around. Never usually play. Two bucks? In on this one.
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Old 11-27-2012, 12:41 PM   #12
bevischief bevischief is offline
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Old 11-27-2012, 12:43 PM   #13
theelusiveeightrop theelusiveeightrop is offline
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Overall, lotteries typically run about a 35-percent profit,

Read more: http://www.foxnews.com/us/2012/11/27...#ixzz2DRxc0fl5
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Old 11-27-2012, 12:46 PM   #14
Deberg_1990 Deberg_1990 is offline
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Quote:
Originally Posted by KCUnited View Post
I don't like how lottery pampers to the low income and old people.
Come on..its for the schools.
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Old 11-27-2012, 12:51 PM   #15
KCUnited KCUnited is offline
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Quote:
Originally Posted by Deberg_1990 View Post
Come on..its for the schools.
It was a baby/pampers joke, but yeah, I bought a ticket.
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