01-10-2016, 06:32 AM
#1
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Must I say anything more. There are 44 states that participate in Powerball and as of Saturday night January 9 there was no winners. The jackpot is up to an incredible 941 million and is expected to climb to 1.3 billion.  If there is a single winner and they elect to to take a lump sum amount payout that would be well over 600 million. Of course that amount is before any Federal and or State taxes. I think I will get a single ticket which costs $2.

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 01-10-2016, 06:51 AM
#2
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While the temptation of a huge payout is tempting - just think of all the shave gear one can purchase, such as a full week's set of OneBlade LE - I hope no one here spends more on tickets than they can afford to loose.

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 01-10-2016, 06:56 AM
#3
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There was a story on the new about that and they say that your odds of getting struck by lightning twice are better than winning the jackpot.  With that said, ill probably pick me up a ticket as well.

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 01-10-2016, 07:08 AM
#4
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I don't play often and have also read about what your odds are of one thing or other over winning the lottery. With that said your odds are better with buying a ticket than not at all! Think I will get a ticket. Biggrin

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 01-10-2016, 08:41 AM
#5
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Certainly worth a try for 2 bucks. I know a person who won it several years ago. Pretty exciting to see it could actually happen to you.

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 01-10-2016, 11:37 AM
#6
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Gotta wonder what the lottery officials are thinking at this point.  They changed the odds in October from 1 in 175 million to 1 in 292 million to get larger jackpots.

Did they envision them getting this big?  No winner since Nov 4, even with a zillion people buying tickets for yesterday's drawing.

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 01-10-2016, 11:43 AM
#7
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Gambling is against my principles. I'd rather just just spend a few bucks to buy a few refreshments and spend time with my family.

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 01-10-2016, 11:48 AM
#8
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Bought a single 2 dollar ticket. I don't bet or gamble, but it's a billion dollars

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 01-10-2016, 12:31 PM
#9
  • Harvey
  • Senior Member
  • North Hills CA
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If I win I,ll buy everyone on the NOOk a limited edition razor.....a Gillette Guard with 12 blades.....including a can of Fusion Gel.....so let,s pray and hope for the best!!!!!! Tongue

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 01-10-2016, 01:34 PM
#10
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With a jackpot of 1.3 billion I bought a ticket. Winning 1.3 billion is more than I will ever need...but its nice to dream for 2 bucks. I believe I read that winning the powerball makes the winner richer than some  countries out there....overnight...just wow.

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 01-10-2016, 02:27 PM
#11
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My coworkers put together a pool with a $5 buy in. All together we bought $100 worth of tickets but alas no jackpot. I think we will keep it going until the jackpot is hit. I'd hate to be the guy left out if we do win


~Jesse~

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 01-10-2016, 04:00 PM
#12
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(01-10-2016, 02:27 PM)lestorfreemon Wrote: My coworkers put together a pool with a $5 buy in. All together we bought $100 worth of tickets but alas no jackpot. I think we will keep it going until the jackpot is hit. I'd hate to be the guy left out if we do win
~Jesse~

Better stay in the pool, because while imagining what you could do with the winning money is fun and pleasant, imagine how you would feel if somehow you would have won (like your pool won, or you failed to play your usual numbers) and you missed out.  That would hurt real bad.

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 01-11-2016, 10:58 AM
#13
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That was my thinking as well!


~Jesse~

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 01-11-2016, 11:20 AM
#14
  • kav
  • Banned
  • east of the sun,west of the moon
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Another tax on the poor and desperate. the lottery was set up in California to provide revenue for schools. Our politicians simply deduct the income from the regular budget and what was the finest system in America is falling apart and making it's graduates of a PC education indentured to 6-10% loans while banks get 1%
O.K. I'll buy a ticket, win and finance my own social revolution.

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 01-11-2016, 11:27 AM
#15
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(01-10-2016, 02:27 PM)lestorfreemon Wrote: My coworkers put together a pool with a $5 buy in. All together we bought $100 worth of tickets but alas no jackpot. I think we will keep it going until the jackpot is hit. I'd hate to be the guy left out if we do win


~Jesse~

We do the same thing at work and I am always in... I look at it as insurance, making sure if my company wins, I am not the lone soul who reports to work the next day.

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 01-11-2016, 01:47 PM
#16
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I buy maybe 2 or 3 tickets a year - mainly when it gets really high like now.  Having taken statistics in college (and hating it) - I realize the odds of winning are low but I also realize the odds jump to about one in several trillion if you don't buy a ticket (you statistically have a chance of finding the main winning ticket on the ground...)

Here are some other odds:

Dying
Falls: 1 in 171
Car accident: 1 in 303
Exposure to smoke/fire: 1 in 1,177
Cycling: 1 in 4,717
Air and space transport accidents: 1 in 7,032
Exposure to electric current, radiation, temperature or pressure: 1 in 9,943
Exposure to excessive natural heat: 1 in 12,517
Cataclysmic storm: 1 in 46,044
Contact with hornets, wasps and bees: 1 in 71,623
Lightning: 1 in 84,079
Earthquake: 1 in 148,756
Flood: 1 in 175,803
Fireworks discharge:1 in 386,766

Quoting from one of my favorite movies "On a long enough timeline your chance of survival drop to zero"

Climbing Mount Everest: 1 in 50,000,000
Audited by the IRS: 1 in 100
Hole-in-one: 1 in 10,000
Living to 100: 1 in 50
Dealt a royal flush: 1 in 649,739
Finding a pearl: 1 in 12,000
Becoming President: 1 in 10,000,000
Winning an Academy Award: 1 in 11,500
Writing a New York Times best seller: 1 in 220

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 01-12-2016, 10:18 AM
#17
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Up to 1.5 billion and counting with one more day to go before the next drawing. Unreal Badger

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 01-12-2016, 10:43 AM
#18
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Just read a breakdown of what you would get at 1.4 billion. Once the federal government takes its cut and then the state takes its cut you would lose a little over a billion and be left with around $394 million. That's just for a one winner ticket. Still I nice chunk of change that should make anyone happy!

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 01-12-2016, 11:07 AM
#19
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(01-11-2016, 11:20 AM)kav Wrote: Another tax on the poor and desperate. the lottery was set up in California to provide revenue for schools. Our politicians simply deduct the income from the regular budget and what was the finest system in America is falling apart and making it's graduates of a PC education indentured to 6-10% loans while banks get 1%
O.K. I'll buy a ticket, win and finance my own social revolution.


Wow...I may not be as educated on this subject as a few of you here...but if a CA resident was the only winner of the 1.5 billion...How much est. would the school system receive? Or does that only apply to CA state lottery?

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 01-12-2016, 12:10 PM
#20
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(01-12-2016, 10:43 AM)FreddieP318ti Wrote: Just read a breakdown of what you would get at 1.4 billion. Once the federal government takes its cut and then the state takes its cut you would lose a little over a billion and be left with around $394 million. That's just for a one winner ticket. Still I nice chunk of change that should make anyone happy!

You can do what some people do. Set up a charity with yourself as the head. Give to the charity and set your salary at what you give. Charitable donation tax-deductible.

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