Half A Billion Powerball

Discussion in 'Random Thoughts' started by Dude111, Jan 8, 2016.

  1. newbie-one

    newbie-one one with the newbiverse

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    The lottery is itself a tax. That is, for every dollar that you pay into it, you get, on average, less than a dollar back.
     
  2. Gongshaman

    Gongshaman Modus Lascivious

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    LOL, Barnum was right :-b
     
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  3. drumminmama

    drumminmama Super Moderator Super Moderator

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    On a lark, I rolled the coins in a jar. It was a bit more than $20, and partner was making jokes about the powerball, so I tossed him $20 and said, "knock yourself out."
    I suspect he will get some $5-10 winning. Whatever. I'd rather do that than buy overpriced wrapping paper for the school.
     
  4. SpacemanSpiff

    SpacemanSpiff Visitor

    the lotteries here are run by crown corporations (government) if i remember right....they dont get super high because a shit ton of the proceeds are already kept back...ive always just thought american lotto are based on actual ticket sales without a chunk being kept
     
  5. SpacemanSpiff

    SpacemanSpiff Visitor

  6. Gongshaman

    Gongshaman Modus Lascivious

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    They promoted the lotto heavily with the idea that the proceeds would go to schools. The truth is those moneys go into a general fund for our elected officials to allocate where they deem appropriate.

    http://www.wzzm13.com/story/news/local/2015/02/11/where-does-the-lotto-money-go-when-you-buy-a-ticket/23250683/

    "Some criticize this model, saying using lottery proceeds to fund some of the education budget hasn't been a boost for the schools but an opportunity for policymakers to substitute those lotto revenues for normal appropriations.

    "The lottery money does go to the intended cause. However, instead of adding to the funds for those programs, legislators factor in the lottery revenue and allocate less government money to the program budgets," says one lottery critic, Patrick Pierce, a political scientist at St. Mary's College in Indiana, who has analyzed the impact of lotteries.

    Supporters say you could look at it like this: providing $740 million from the lottery to schools lets policymakers use other money to pay for something like roads.

    Going back to our dollar analogy, 61 cents go to prize money, 29 cents go to education. As for the rest?

    "Seven cents go to commissions to our 11,000 retailers," explains Holyfield, and the remainder goes to administrative costs."
     
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  7. puggybear

    puggybear stars may twinkle-but I shine!

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    I'd buy a bigger wallet. Oh,plus a couple of spanking new amplifiers....the rest I'd use as a reason NOT to get up at silly-o-clock on a Monday.
     
  8. hotwater

    hotwater Senior Member Lifetime Supporter

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    Well the powerball drawing has come and gone and the results are pending.

    Hopefully no one won because I'd love to see the jackpot grow to over 1 billion,.....

    ..................besides I only got one number and although it was the powerball it only pays out $2 dollars - the original price of the ticket ~ sigh~


    Hotwater
     
  9. hotwater

    hotwater Senior Member Lifetime Supporter

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    No Winner for $949.8 Million Powerball Jackpot [​IMG]

    Next stop 1 Billion Dollars


    Hotwater
     
  10. relaxxx

    relaxxx Senior Member

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    After they advertise some lottery on the Canadian radio, they say "if you gamble, use your game sense". I always think, "if you gamble, you have NO sense".

    Similar to the "drink responsibly" I often hear after beer ads. I think, "what now, POISON yourself RESPONSIBLY? Is that a thing".

    I live in the rural area of a small, fairly poor Canadian town, I've heard of one person once who one a big lottery payout. Around 35 million. I thought, imagine what a person could do with 35 million around here, huge things right? Never heard about the guy again, vanished down south somewhere. Essentially that government owned Canadian lottery handed 35 million Canadian debt notes over directly to another country to benefit from. I'd like to know what percentage of Canadian lottery payouts that get spent outside of Canada. I'd imagine it's a shit ton, hell I'd probably do it too. At least winter in Florida or somewhere.

    If you want to throw your money away, a more responsible thing would be to buy lottery tickets from a local charity organisation. You're helping your local community and the payouts are more likely to be spent in your community.
     
  11. Meliai

    Meliai Members

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    ^youre probably right but a $3 ticket isn't that bad in the grand scheme of things. I blew through $3 in Vegas in about 30 seconds.
     
  12. scratcho

    scratcho Lifetime Supporter Lifetime Supporter

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    I saw one little old lady on the news when asked what she'd do if she won 900 million---said----" oh, fix up the house--pay some bills. Yeah, I guess that would do it--if you didn't get TOO crazy.
     
  13. Tyrsonswood

    Tyrsonswood Senior Moment Lifetime Supporter

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    ^^^ Have you hired a good contractor recently?
     
  14. jaredfelix

    jaredfelix Namaste ॐ

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    When I win the powerball, im buying the Playboy Mansion which just went up for sale.

    [​IMG]
     
  15. hotwater

    hotwater Senior Member Lifetime Supporter

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    The numbers are getting crazy :dizzy2:

    Next Drawing 1/13/2016
    Estimated Jackpot $1.4 Billion Dollars
    Est Lump Sum Cash Option 868 Million


    Hotwater
     
  16. hotwater

    hotwater Senior Member Lifetime Supporter

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    Who needs the playboy mansion with a bunch of spoiled stuck-up bunnies, I’ll buy a small Island in the pacific and surround myself with a dozen naked brown skin honeys catering to my every need [​IMG]




    Hotwater
     
  17. r0llinstoned

    r0llinstoned Gute Nacht, süßer Prinz

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    Lmao I was thinking the same thing
     
  18. jaredfelix

    jaredfelix Namaste ॐ

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    who says I cant have an island too? lol
    and a big ass yacht. and a porche [​IMG]
     
  19. Justin_Hale

    Justin_Hale ( •_•)⌐■-■ ...(⌐■_■)

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    With Hefner still inside, lol.

    I'd be willing to bet you'd throw up if you turned a black light on in there.

    All I want is a solid gold Lamborghini Aventador. I know I couldn't drive it. I would just sit in it and smile.

    On a serious note, you could give much of it away. Like one million per person in the US.. :)
     
  20. jaredfelix

    jaredfelix Namaste ॐ

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    $2billion/300million people = $6.66 enough for everyone to hit a tacobell
     

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