January 11, 2016

Powerball Powers Past

I suppose the makers of the Powerball lottery never envisioned a $1.3 billion jackpot. 

As you can see the sign only goes up to $999 million. 

Yeah, stupid planning from the people that run the odds (where winning is 1 in 292 million), but they can't figure the odds of the lottery going this high, ever.

Anyway, win it or lose it, someone stands to walk way with a lump-sum payment of $806 million, and after federal, state, and local taxes you're looking at maybe half or less of that. 

Either way, not a bad take-away from a $2 lottery ticket. 

Lots of needy people to help and good deeds to do. ;-)

(Source Photo: Andy Blumenthal)

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