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submitted 1 year ago by MicroWave@lemmy.world to c/news@lemmy.world

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.

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[-] bloopernova@programming.dev 43 points 1 year ago* (last edited 1 year ago)

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.

[-] CeruleanRuin 9 points 1 year ago

You're more likely to get struck by lightning while taking a poop, so for your sake I hope you win instead.

[-] CyberDine@lemmy.world 7 points 1 year ago

You are of course joking. But on the infinitly tiny odds you win, and the similarly ridiculous odds you follow through, I'll comment

[-] bloopernova@programming.dev 3 points 1 year ago

With odds like that, we can't fail. Simple rule of conservation of narration.

[-] bradorsomething@ttrpg.network 6 points 1 year ago

I and my 43 children all are pleased to be in the thread.

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[-] JustAManOnAToilet@lemmy.world 6 points 1 year ago

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.

[-] turbowafflz@lemmy.world 4 points 1 year ago

That would actually be such an interesting way to gain users, I want to see that

[-] Reaper948@lemmy.world 4 points 1 year ago

I mean 16k~ is still a decent amount of money

[-] Smacks@lemmy.world 4 points 1 year ago

Can I get $420.69?

[-] ElderTree333@lemmy.world 3 points 1 year ago

Thanks, pal!

[-] BonfireOvDreams@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

Hey, free odds approaching zero is better than paid options approaching zero

[-] SpaghettiYeti@lemmy.world 2 points 1 year ago

Goooood luck!

[-] Astroturfed@lemmy.world 2 points 1 year ago

I need money thx.

[-] llIlIIllIlIlIllII@lemmynsfw.com 2 points 1 year ago

Oooh oooh oooh! Me too! Me too!

[-] chowder@lemmy.one 1 points 1 year ago

I'll take the possible free money lol

[-] Lixen@lemmy.world 1 points 1 year ago

How much if you don't win?

[-] bloopernova@programming.dev 2 points 1 year ago

About tree fiddy

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[-] ohlaph@lemmy.world 24 points 1 year ago
[-] Burn_The_Right@lemmy.world 25 points 1 year ago* (last edited 1 year ago)

Goddammit... Alright, everyone. Pack it up. He already called it.

[-] ohlaph@lemmy.world 2 points 1 year ago
[-] DadWagonDriver@lemm.ee 19 points 1 year ago

So are PowerBall and Mega Millions now rigged to make sure that the jackpot always hits $1B before a winner is drawn?

[-] Got_Bent@lemmy.world 32 points 1 year ago

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.

[-] CeruleanRuin 4 points 1 year ago

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".

[-] evatronic@lemm.ee 8 points 1 year ago

The odds of winning don't change based on the number of people who buy tickets.

[-] Kbobabob@lemmy.world 4 points 1 year ago

But the odds of sharing a prize do.

[-] evatronic@lemm.ee 3 points 1 year ago

Yes. Though, that is an artifact of the rules of the payout; everyone's chances of winning are exactly the same.

[-] Astroturfed@lemmy.world 1 points 1 year ago

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.

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[-] PixTupy@lemmy.ml 10 points 1 year ago

I'm not American, please explain, why is the cash value only 478.2 million? Is that after taxes or something?

[-] evatronic@lemm.ee 23 points 1 year ago

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

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[-] bloopernova@programming.dev 8 points 1 year ago

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!

[-] gregorum@lemm.ee 2 points 1 year ago* (last edited 1 year ago)

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.

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[-] capital@lemmy.world 7 points 1 year ago
[-] tea@lemmy.today 12 points 1 year ago

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.

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[-] Got_Bent@lemmy.world 5 points 1 year ago

I wanna see a Bruce Almighty scenario with the lotto at some point in my life.

[-] FlyingSquid@lemmy.world 4 points 1 year ago

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.

[-] Master@lemmy.world 2 points 1 year ago

I could sure use the money...

[-] WookieMonster@midwest.social 2 points 1 year ago

I mean, sure, why not?

[-] autumn_rain@lemmy.world 2 points 1 year ago

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

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this post was submitted on 01 Oct 2023
178 points (92.4% liked)

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