Update: The winning numbers of the Powerball were 8, 27, 34, 4, 19 and the Powerball was 10. Three winning tickets were sold in three states: California, Tennessee and Florida.
The jackpot for tonight’s Powerball is $1.5 billion, with a $930 million cash value. For those taking their chances, keep in mind there is a decision to make upon winning: either acquire a lump sum of cash or small payments over the next 30 years in monthly checks.
According to the Powerball website, in October 2015, Powerball became the largest cash game, and has continued to grow since then. As the jackpot value increases, the excitement level has simultaneously risen due to many players’ false assumptions that the chances of winning rise with the jackpot.
Because the jackpot value climbs, the number of players goes up, decreasing every person’s chances of winning. The likeliness of a ticket being a winning ticket stays the same if it is a $10 jackpot or a $1.5 billion jackpot. The estimated chance of being a winner is 294,000,000 to 1.
Commonly, the statistics of winning are disregarded due to the excitement of having a chance at all. There is a driving force behind the optimistic question of what would be done with the money if the odds were ever in your favor.
Here is the truth of the Powerball: it is a game to make America money. Very rarely does it do what it is marketed to do - make Americans rich. Just like in casinos, the house always wins. Some people might be lucky and get out with a few bucks but an overwhelming majority come home with empty pockets.
So before you go out and buy your last-minute lottery ticket today you have to ask yourself one thing, you feel lucky?