Powerball

[jco1385 5,000+ posts]

My wife got 2 numbers right.....minus the powerball. Can't figure out if its a win or not. Lottery website is down.

Need at least 3 without the powerball and that would be $7. I hit one plus the PB. I hit the PB last week too. That's $4 but too far to drive to claim it lol

 

[germanyt 10+ year member]

He makes more money and prob will catch up to you in a few years.
Every ticket people buys up's the powerball amount.

Its already been said that powerball was rigged to make odds harder and you will be sharing the money with multiple people.

Country will get more out of taxes then what is paid out.

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Lol... oh you.

BTW the top income tax bracket is 39.7% so it's impossible for the government to make more than you take home. And it's not rigged. They raise the numbers to decrease chances of winning specifically so 25 people don't win it. And no, if I won the Powerball Butler would never catch me. I'd have 6 inch thick carbon fiber baffles and 100000 watts by Zapco.

 

---------- Post added at 08:14 AM ---------- Previous post was at 08:14 AM ----------

 

Need at least 3 without the powerball and that would be $7. I hit one plus the PB. I hit the PB last week too. That's $4 but too far to drive to claim it lol

You can claim anything under 600 dollars at a store that sells tickets.

 

[dsw1204]

I think we are all fools for contributing to the Powerball drawings. I've not read all four pages of this thread, so this may have been brought to your attention. But, does anybody know why the Powerball jackpots have been going to record amounts lately? It's because they keep adding numbers (or balls) to the till. When Powerball started, there were 42 balls (if I remember correctly) in the till. You had to match 5 of those balls plus the Powerball to win the jackpot. Pretty impossible odds to win! But WAIT, there are now 69 balls (a 65% increase in the number of balls in the till). Yeah, if you win you are set for life. But, you know you are not going to win. I don't know the mathematical odds, but astronomical is overly generous.

I think the government is going about this all the wrong way. Instead of adding numbers to the Powerball, I think they should be subtracting numbers. What does this do? Well, it means more people winning. It's called spreading the wealth. Wouldn't it be better for a bunch more people winning $8 million dollars than one person winning $1.5 billion.

Yeah, I'd love to win $1.5 billion. I'd be just as happy if I won $8 million. I certainly wouldn't be complaining if I won $8 million. But, look at how many people would be better off.

What do you think?

 

[n2audio 5,000+ posts]

I think the government is going about this all the wrong way. Instead of adding numbers to the Powerball, I think they should be subtracting numbers. What does this do? Well, it means more people winning. It's called spreading the wealth. Wouldn't it be better for a bunch more people winning $8 million dollars than one person winning $1.5 billion.

Yeah, I'd love to win $1.5 billion. I'd be just as happy if I won $8 million. I certainly wouldn't be complaining if I won $8 million. But, look at how many people would be better off.

What do you think?

I like that idea.

BTW, lump sum of 930 after fed taxes took it down to about 560M, then you'd pay whatever state tax on top of that.

But since it went 3 ways, plus the retailer gets some each winner will probably end up with 150M or so.

The rest to our oh so wonderful govt.

 

[jco1385 5,000+ posts]

You can claim anything under 600 dollars at a store that sells tickets.

Right, but that is across state lines about 45min one way. Not for $4.

 

[dsw1204]

I like that idea.
BTW, lump sum of 930 after fed taxes took it down to about 560M, then you'd pay whatever state tax on top of that.

But since it went 3 ways, plus the retailer gets some each winner will probably end up with 150M or so.

The rest to our oh so wonderful govt.

For me, personally, I'd take the yearly payments. If I took the lump sum, I'd figure out a way to spend everything and be broke in 5 years. With the payments I'd be rich for 30 years.

 

[los33 10+ year member]

Lol... oh you.

BTW the top income tax bracket is 39.7% so it's impossible for the government to make more than you take home. And it's not rigged. They raise the numbers to decrease chances of winning specifically so 25 people don't win it. And no, if I won the Powerball Butler would never catch me. I'd have 6 inch thick carbon fiber baffles and 100000 watts by Zapco.

 

---------- Post added at 08:14 AM ---------- Previous post was at 08:14 AM ----------

 

You can claim anything under 600 dollars at a store that sells tickets.

I like that idea.
BTW, lump sum of 930 after fed taxes took it down to about 560M, then you'd pay whatever state tax on top of that.

But since it went 3 ways, plus the retailer gets some each winner will probably end up with 150M or so.

The rest to our oh so wonderful govt.

N2audio explained better how the govt can get more money out of a lottery.

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