Powerball jackpot tops $150 million

Steep odds don't deter dreams.

By Jonathan Berr Mar 7, 2013 5:47PM

Image: Powerball lottery ticket at a 7-Eleven store in Chicago, Ill., on November 28, 2012 (© Scott Olson/Getty Images)Powerball mania reached a fever pitch once again as the current estimated jackpot for the multistate lottery hit $150 million Thursday. No one matched all the numbers drawn in last night's drawing, though a few players came close.

A ticket worth $2 million was sold at a Food Lion in North Raleigh, N.C. That ticket matched the five white balls but not the red power ball, according to the News & Observer newspaper. Two $1 million tickets were sold in Pennsylvania and New Jersey. There were two winners each in West Virginia and New Mexico and one each in Illinois, Arizona and Minnesota.

Of course, the odds are against people striking it rich.

According to the Powerball website, the odds of striking it rich are roughly 1 in 175,223,510.00. To put this in perspective, you have a better chance of getting struck by lightning in a given year (1 in a million) or becoming the next "American Idol" (1 in 103,000 who audition).

As jackpots go, this one is on the small end of the scale. In 2006, workers at a Nebraska meat plant split a $365 million Powerball prize, the largest in history.

Powerball winners have the choice of taking their winning in an annuity -- for those worried about tax issues or in cash -- which would be about $92.5 million for the current jackpot. That would be a nice tax problem to have.

Even though I know better, I will probably take a shot at instant riches because you can't win if you don't play.

--Follow Jonathan Berr on Twitter @jdberr.

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14Comments
Mar 7, 2013 5:59PM
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Watch some wall street millionaire win it.
Mar 7, 2013 8:10PM
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psr

 the only low life I see here is you if people want   to dream who the he-- are you to tell them they can't

you pos

Mar 7, 2013 6:35PM
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The odds of winning are hopeless, but the tax from this does some good work. Also, the winners do end up doing a lot of charity work as well. Thats why i play sometimes. And there is a bleak chance i might hit it as well but i know better. A ticket in the wallet does give you confidence boost and power as well, until you dont check it, that is, He he.
Mar 7, 2013 6:48PM
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As high as the odds are, it's the only way the common man can make it anymore.
Mar 8, 2013 7:00AM
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The good that could be done if someone chose to, would be great. Just think how many meals for the poor or maybe build a shelter for the homeless. Maybe save some poor dogs and cats that otherwise would be put down.
Mar 8, 2013 12:51PM
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This is good for the government because it is like a 40% tax on the winnings so Uncle Sam will always make out good.
Mar 8, 2013 2:59PM
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No no, it's always some newly come to america immigrant that wins. It's ridiculous.
Mar 9, 2013 12:45AM
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Of course help members of the family tree further down and up (2 generations) that will benefit, help  some friends, charities (foundation in my parents name to be run by my brother and our families ) etc.......

Mar 7, 2013 6:17PM
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Let me guess its from Kenya or maybe nigeria!!!!! LOL
Mar 7, 2013 6:58PM
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i don't know why but why bad things have less odds and more chances of happening, for example, "bieng struck down by ligthing" is more possible than winning the lottery, getting HIV is really high chances of getting infected...but why the good things such as winning the jackpot or being america's most talented has so few chances......why the bad always prevail the good :( 
Mar 7, 2013 6:04PM
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My wife and I can go to Movies 10 for $4 each. Choice between living in rural Ohio and LA. Don't cry to me. You pick where you live.
Mar 7, 2013 6:51PM
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the lottery has been called a tax on the stupid.  Low life America all pray for that easy fix and say - if I ever hit the lottery.  Well low life America, keep on praying you ignorant idiots.
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