1 yr. ago • 92%

Powerball jackpot skyrockets to massive $1.04 billion after no winner Saturday

www.cnn.com Powerball jackpot skyrockets to massive $1.04 billion after no winner Saturday | CNN

The Powerball jackpot has soared to an estimated $1.04 billion after no tickets matched all six numbers in Saturday night’s drawing.

Saturday night’s drawing produced white balls 19, 30, 37, 44 and 46 and red Powerball 22.

The $1.04 billion prize – an estimated $478.2 million in cash value – is the second-largest jackpot this year, topped only by a $1.08 billion prize won on July 19 by a ticketholder in California.

69 comments

If I win I'll give everyone in this thread a million dollars.

So, if there's 60 people in the thread, everyone gets $16,667

I see you all fell for my cunning ruse. Definitely not something I figured out after I posted. Not at all.

43
- You're more likely to get struck by lightning while taking a poop, so for your sake I hope you win instead.
  
  9
- You are of course joking. But on the infinitly tiny odds you win, and the similarly ridiculous odds you follow through, I'll comment
  
  7
  
  With odds like that, we can't fail. Simple rule of conservation of narration.
  
  3
- I hope you win, keep your word, and the news runs a story on it afterwards thats grows the user base and specifically siphons users from Reddit. I want to see Reddit burn to the ground.
  
  6
  
  That would actually be such an interesting way to gain users, I want to see that
  
  4
- I and my 43 children all are pleased to be in the thread.
  
  6
  
  But that just means the million will be divided up even more, reducing your share! ;)
  
  1
- Can I get $420.69?
  
  4
- I mean 16k~ is still a decent amount of money
  
  4
- Thanks, pal!
  
  3
- Permanently Deleted
  
  2
  
  Hey, a thousand buys a lot of lottery tickets....
  
  =)
  
  1
- Oooh oooh oooh! Me too! Me too!
  
  2
- Goooood luck!
  
  2
- I hereby declare myself a member of this fine thread
  
  2
- I need money thx.
  
  2
- Neat.
  
  2
- Hey, free odds approaching zero is better than paid options approaching zero
  
  2
- I'm in.
  
  1
- Sure.
  
  1
- I'll take the possible free money lol
  
  1
- How much if you don't win?
  
  1
  
  About tree fiddy
  
  2
- When someone gives you odds like that, you take it!
  
  1
- Thank you
  
  1
- Sweet!
  
  1
- Thanks kind person! I’m in.
  
  1
- Permanently Deleted
  
  0
I would like to win.

24
- Goddammit... Alright, everyone. Pack it up. He already called it.
  
  25
  
  Thank you.
  
  2
So are PowerBall and Mega Millions now rigged to make sure that the jackpot always hits $1B before a winner is drawn?

19
- Rigged in the sense that they intentionally made the odds so long as to almost ensure it would routinely go weeks and weeks without a winner. So yes, it is by design.
  
  32
- I imagine their sales go up fast when so-called "news" outlets (like this community) report that it's hit that level.
  
  Never mind that it makes your already infinitesimal odds of winning even smaller, when the regular jackpot would already be a life-changing amount of money. People who only buy tickets when the jackpot goes up are just falling even harder for the scam than those who buy when the jackpot is "low".
  
  4
  
  The odds of winning don't change based on the number of people who buy tickets.
  
  8
  
  The odds of winning are always the same, so why are the ones buying tickets less often falling for the scam harder? It's dumb too, but conceptually speaking it's a better return on investment if you win somehow.
  
  1
  
  The expected value of a ticket goes up. At some point it's higher than the cost of the ticket.
  
  1
- I was told years ago when I worked at a convince store our loto rep said white balls coming out of the machine are fake it never random. They decide when it pays out. He claims it only pays out when they earn double what will be paid out. This back when loto got up to like 4 million. So they would earn 8 and then give the illusion that the white balls came out and gave a winner.
  
  He says they preload the winning numbers. Since it all electronic they can keep people from winning for as long as they want because they know all numbers submitted.
  
  -13
  
  Well if he works as a lotto rep in the field, we know he’s in the loop on a plan that would land dozens of people in jail above him.
  
  10
I'm not American, please explain, why is the cash value only 478.2 million? Is that after taxes or something?

10
- It's not after taxes.
  
  The "jackpot" is what you get if you select an annual annuity over 30 years.
  
  The cash value is what you get if you want it all today.
  
  Taxes come after.
  
  This site explains it well: https://www.usamega.com/powerball/jackpot
  
  23
  
  TL/DR it's not even 300 million by the time they fuck you in the arse 😂
  
  That's just false advertising
  
  1
- 2 things: taxes are taken from the winnings, and the jackpot quoted is the amount you would get if you picked the regular payments rather than lump sum.
  
  The regular payments include trust fund interest/growth I think, so you get more.
  
  It's confusing as all hell. I'd much prefer it tax free and lump sum. Tell me exactly what I get, don't dress it up to make it look better than it is!
  
  8
  
  The tax-free annuity payment version is by far the better deal. But some people elect to get the lump sum in cash, and you end up getting far less than half of it, esp after taxes.
  
  2
Stupid tax.

7
- Yep. That's $1.04b taken from the pockets mostly people who should be trying to put it to savings, not giving away money on a pipedream. Giving it to a winner who statistically will likely have their life ruined by such a windfall.
  
  It's goddam stupid. The "causes" the lottery pays back to, like education, should be funded by taxing those who don't need the extra money, not by duping people who desperately need every dollar they earn.
  
  12
- Oddly enough not entirely. Yes it is a total waste of money to buy a ticket, but I remembered hearing a piece a while back that broke down why the poor bought the majority of tickets. Basically it broke down to the fact that they knew there was no chance of them ever getting out of poverty without some major windfall event. They know that there is no real chance of winning, but sadly it was the closest thing to hope they had. They aren't stupid just desperate.
  
  0
I wanna see a Bruce Almighty scenario with the lotto at some point in my life.

5
You get three darts to throw at the balloons and if you hit all three you get a prize. No, not the giant bear. Never the giant bear.

4
I mean, sure, why not?

2
I could sure use the money...

2
😆 The last lottery ticket I bought was 38 years ago. I regreted throwing away a dollar it's too traumatic.

2
Why do they even bother announcing so much money when we all know taxes are like 40%.. what even is the point of announcing such a high figure? Like the government is just paying themselves at this point so why bother taxing it. To provide further dilution you have to accept an annuity to even approach getting all the money.

0
- Permanently Deleted
  
  4
Ok count me in (☞ﾟヮﾟ)☞

-1

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