Saturday, January 30, 2016

The Powerball is (was) at $1 BILLION!.... Pfffftt........

So awhile ago you probably heard the jackpot was at a record breaking $1,000,000,000+ ... but only  ~ $600 million lump sum…  before taxes…  after that maybe only $300 but that was split 3 ways.

This post is really late as I forgot and well wasn't in a blogging mood for the last 3-4 months... more on this later...

What they didn’t remind us this was that most likely this is the new normal. AND that the odds of winning anything is now less than half of what it was before.  

Another way of looking at it?  

The states get to collect more and more interest while somebody tries to win the jackpot and of course in the end they take a larger chunk from taxes too…


In other words:  your state and federal taxes just went up… and the lottery has now become more of a money black hole… 

But sometimes I guess you do need to buy a ticket to keep a bit of hope alive... Lately I've bought 1 ticket a week because well... it's been rough... 

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