Half A Billion Powerball

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.

 

LOL, Barnum was right :-b

 

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

 

these are the basics for my province lotto (ontario)

http://www.olg.ca/lotteries/faq.jsp

 

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."

 

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.

 

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

 

No Winner for $949.8 Million Powerball Jackpot

Next stop 1 Billion Dollars


Hotwater

 

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.

 

^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.

 

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.

 

^^^ Have you hired a good contractor recently?

 

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

 

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

 

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




Hotwater

 

Lmao I was thinking the same thing

 

who says I cant have an island too? lol
and a big ass yacht. and a porche

 

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..

 

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