6 things to know about Powerball
Lotto fever builds as the jackpot hits $360 million, while Mega Millions climbs to $190 million.
Wednesday's Powerball prize stands at an estimated $360 million, the third-largest Powerball jackpot in history. The cash option before taxes is worth $229.2 million.
Every time the jackpot has climbed this high, someone has won, according to Philly.com. No wonder people are lining up to grab tickets.
Here are six things you might not know about Powerball:
Huge jackpots are here to stay. These giant prizes we've seen lately are partly a result of the cross-selling of Powerball and Mega Millions tickets that began in January 2010, The Associated Press reports. In that expansion, the Powerball lottery broadened to 43 jurisdictions. Large jackpots are "the new normal," Iowa Lottery spokeswoman Mary Neubauer said.
A game change makes it easier to win. A January 2012 redesign added $1 million and $2 million prizes, making it easier to win something, even if that something isn't the huge jackpot, AP reports. This Powerball chart shows all the ways to win.
Here's how to win $4: There are 35 "red ball" numbers, and any ticket with the correct red ball wins at least $4. So you are 100% guaranteed to win $4 if you buy 35 tickets, each with a different red ball number. It's kind of a way for large-group gamblers to get their own discount, or rebate, with every draw, according to the Powerball site.
Most of you can't win anonymously. Only five states let you win in secret: Delaware, Kansas, Maryland, North Dakota and Ohio. The rest have laws requiring the lottery to announce the winners and their cities of residence to anyone who asks. Most states let you decide whether you want to have your photo distributed or host a press conference, according to the Powerball site.
The annuity payouts are different. The Powerball annuity payout comes in graduated amounts, increasing by 4% a year to keep up with inflation over 29 years. The Mega Millions annuity is in equal amounts paid over 25 years.
No one really wants a $1 million prize. People have told Powerball to change the system to award lots of people $1 million each instead of a mega jackpot. So Powerball started that game and what happened? No one played.
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If the powerball gangsters offered prizes of one million dollars sometime in the past, I would like to know when.
Silentflute is correct. It was kept a secret. Actually, it was probably never offered. Just another pack of lies by the gangsters running the powerball.
Also, almost everytime the big money is won it is east of the Mississippi.
We are talking about 2 bucks a week to have a slim chance to change your families lives. It's fun and long as you don't get crazy, it lets you dream. I've known 3 people who have hit it "big". My sister was one of them. Unfortunately, when her ship came in, it was only worth $396,825. She was able to buy a house for cash. Not bad for a $2 investment!
Winning the lotto often ruins a persons life.
I'm just giving Karma a chance to get back at me for all of those bad things that I have done.
Annuity would be better for me. Even after a bad divorce losing half, or bad investments...or stupid purchases, I would still be guaranteed future money. Even after a year or two, old relatives that come out of the woodwork with sob stories and their hand out would die down. I could ensure I would be rich for years to come.
A single payout could be gone in two years due to a few idiotic lawsuits and/or a bad/criminal financial planner.
I'm extremely math deficient. I figure, somebody eventually wins, and their odds are the same as everybody else's. So I've got my tix for tonight.
If I win, you can bet I'm going to Disneyland!!!!!
Lies Lies Lies
You have a better chance of buying a ticket on the USS Enterprise and establishing a colony on the planet Loozar than winning the lotto with the odds as they are. Just winning a partial prize with the Lotto games would be better than winning the whole thing. But that is about the same odds as having a pleasant experience with Chase Banks Mortgage Department. The odds are stacked up so high against winning even a fraction of the jackpot is ...well, shall we say astronomical.
The united states, at one time was known for the American dream, That dream has been taken away and been replaced with the lottery . not only that it is a huge tax on the poor and elderly.
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You don't have to sign up for Medicare. The catch? If you don't enroll when you're first eligible, you could pay some serious financial penalties later in life.
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