Powerball Jackpot

2 Tampa guys have 290 people at $500.00 each minimum buy-in for 72,500 tickets. Helps their odds a bit.

I would take the annuity. The logical thing to do.

Actually, according to experts, the logical thing to do is to take the lump sum and invest it properly. We would invest most of it, after paying off bills, giving money to family and setting up a charitable organization, and live off the interest for a while. You will make more in the long run than you would ever get from the annuity offered through the lottery. We would never take the offered annuity.

Also, only means their chances are 72,500 out of 200+ million, (1 out of 200+ million per ticket). So, it only increases their chances by a very small amount (miniscule) as each ticket still only has a 1 in 200+ million chance. Each ticket would have to have completely different numbers also in order to increase the odds.

I "won" $4 last night. A week ago I won $8 (matched powerball twice) on $20 worth of tickets. I turned around and reinvested in 4 more tickets on which I won zero. DH bought 5 more tickets on Monday and on that I matched the powerball on one line so $4. So, out of $30 spent, I got $12 back. Pretty good deal for the state.
 
I had two numbers...on two different tickets. So no money for me.

But the $10.00 I spent definitely bought me $10.00 of amusement, just in talking with my DS about we'd do if we won!

I hope the winners do really nice things with some of it.
 
Upon further scrutiny, it appears I matched the powerball and 1 number. What'd I win?
 

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There were also 12 5 of 5 winners in California. All prizes are parimutuel in California, so it was $638,000. Some drawings nobody wins that, and the pot builds up. Last drawing there was a single $1.7 million winner.
 
81 tickets matched 5 numbers for the $1million prize. I would have loved that. But, alas, just 1 number matched on my 4 tickets. DS, in NC, bought 5 tickets so maybe he matched 5 :-)

California has different rules. It's parimutuel without fixed amounts. The amount can vary wildly.
 
Sorry, DISers, the $4 winnings I reinvested from Saturday didn't pay off.

It was quite fun dreaming for almost a week, however. Hope everybody enjoyed it.
 
No winnings here off of my 5 tickets. But was nice to dream...Now trying to decide if I should go back to my favorite scratch off that has odds of 1 in 3.15 or stick with PB...
 

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