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THE UPRISING OF THE AMERICAN PARTY "Clearly the voters are engaged right now, at least for sure on the republican side, and what they have concluded is that the republican party has not done their job. Thus, Donald Trump gets their vote."

Wednesday, February 4, 2015

You Can Win The Powerball Jackpot

Sometimes the fun of life is simply taking a moment to dream about what is possible. Like winning the Powerball jackpot which tonight could make some lucky individual $317 million richer. Granted, the odds are terrible. I will readily admit that, and anyone with half a bit of sense is quite aware of this fact as well. In fact I once sat down and compared the odds of either winning the Powerball jackpot or being struck by lightning. It turns out I am more likely to be struck 43 times in my lifetime by a bolt of lightning than win the Powerball jackpot once.

But the truth is, you can win the Powerball jackpot only if you have a ticket in your hand when the drawing occurs.

But it's such a waste of money, you say. I get that. And the Powerball, unlike most other lottery games, is twice the cost at $2 per play. Still, when I think of all of the money I waste (and I really don't waste that much money. I am quite frugal actually), a mere $2 for a chance at $317 million, or even a mediocre return is still a great opportunity to have, and I think it's $2 wasted that is worth the chance.

Somebody must win. It's the name of the game.

And people do in fact win. It was reported by the makers of the popular docuseries which chronicles the lives of those who have won the lottery that roughly 1,600 new millionaires are created every single year simply by winning the lottery. That's about 4 new millionaires each and every day of the year.

You probably won't win. The odds are simply stacked too much against the player. But again, somebody must win, and that person absolutely cannot be you unless you have a ticket in your hand when the drawing occurs.

I will certainly be buying a ticket for tonight's drawing. All I have to lose is the jackpot, right? Or, of course my $2. But just to have a chance? Just to have a long shot? Yep. I'll take my chances. If I were to win the Powerball jackpot, I would choose the annuity. The cash option is only worth about half the total prize amount, and then when you take out for taxes, it's about half of that. If I take the annuity I still get paid somewhere around (after taxes) $6,340,000 a year for 30 years.

I think that be just enough to cover the groceries to be sure.

Also by Springboard about the lottery: Winning the Lottery: The Dream of the Big Win

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