Powerball jackpot soars as hopefuls bet big
With no winner in Wednesday night's drawing, the prize tops $250 million for the third time in the past year.
And that total could grow as people line up for the chance to win.
The current Powerball jackpot is making history as one of the game's largest annuities ever. The cash payout is estimated at $198.3 million.
This is the third Powerball jackpot to top $250 million in less than a year, ABC news reports.
And lottery fever is kicking in, even though your chance of winning is about 1 in 175 million. But people are jumping at the chance to buy some hope and fantasize for a little while about what they would do with the money.
Some 43 states and Washington D.C. participate in the Powerball, creating an economic boost at a time when the country needs it. But it's not as much of a boost as you'd think.
reports. About 60% of the sales are paid to the winners, about 6% are commissions for retailers and 9% pay for administrative costs.
Some economists say that if you actually went out and spent that money on goods and services instead of gambling it away, the economy would see a bigger boost.
But if you must play, consider going to the fortune cookie for your winning numbers. In 2005, 110 players got five of the six numbers right, raising suspicion among lottery officials, The New York Times reports. But there was no fraud involved; those players all took their winning numbers from fortune cookies made by a New York City factory.
- Invest like Warren Buffett with this app
Why then do companiesin the United States send their IT, Manufacturing, etc... to other countries boosting their economy other then ours. these economist should look at the big picture instead of what Washington wants them to say. OUR MONEY WE DO WITH IT AS WE WISH, or are we going to be another Greece?
Of the people that do play, think of what that amount of money can do for states, the store(s) that sell the ticket(s), the senior citizens programs that benefit in many states. Imagine what an intelligent person(s) can do with that money to aid in boosting the economy, if nothing else in at least one or more of the 32 states the Powerball is in. I look at it this way, if you are a miserable person with $10.00 in your pocket, you will still be a miserable person with $10,000,000.00. Good LUCK to everyone who plays this evening.
Well it is a moot point today....
It all went to New Jersey....Last night/this A.M. .....$338,000,000. woooohooooot !!
Can't think of a better place, let's get that Locale clean-up.
It has been said before, instead of new items improve the quality of the standard menu. I go every few months and when I do I am reminded of why I don't eat there as often as I used to. . Warm fries, dry over cooked burgers, etc. If you are lucky to get a burger fresh off the grill it is quite good, but if it is pulled from the warming oven of death well you might as well give up,
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Just reported, January wholesale inventories rose 0.6% while the Briefing.com consensus expected an increase of 0.4%. Today's report follows last month's revised increase of 0.4% (from 0.3%). Nasdaq +2.96 at 4337.41... NYSE Adv/Dec 1176/1530... Nasdaq Adv/Dec 947/1337.
More Market News
Shares of DVR pioneer TiVo are up 40% over the past 2 years, but unlike with the industry giants, there's still plenty of room to run with this pay-TV play.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'