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$550 MILLION: Powerball jackpot now more than a half-billion dollars

Topic closed. 85 replies. Last post 4 years ago by Boney526.

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whiteballz's avatar - Lottery-015.jpg
Nutley, New Jersey
United States
Member #131058
August 1, 2012
875 Posts
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Posted: May 17, 2013, 8:59 am - IP Logged

I didn't realize I rated it at all :( my phone is so touchy.... Especially when I try to get it from my 18 month olds hands... I have not a bad thing to say.about anything.... Otherwise I wouldn't b here!!!!!!!!

so it was an accident? that's what I thought. why would anyone one star a news story talking about a $550 million jackpot?

.

    ashabug725's avatar - Yavill
    Indiana
    United States
    Member #122868
    February 9, 2012
    322 Posts
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    Posted: May 17, 2013, 9:16 am - IP Logged

    so it was an accident? that's what I thought. why would anyone one star a news story talking about a $550 million jackpot?

    Absolutely!!! I didn't know it was rated until u said something... And there's no way 550,000,000 story could b less than 5 stars!!!! Lol :) regardless of story... If I didn't like it I just wouldn't rate it, rather than 1star!!! Now waiting for another jp increase!!!

    I wish I may, I wish I might...
               Win the Powerball jackpot THIS big night!!!

      surimaribo24's avatar - photo11 zpsfffd70be.jpg
      NEW YORK. RIVERHEAD
      United States
      Member #106371
      February 17, 2011
      9702 Posts
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      Posted: May 17, 2013, 9:21 am - IP Logged

      this will be my first step... to donate  a big part to the needed kids . the future of our country . god bless....

      PETS#=105-215

        Stigmatized1999's avatar - white face.jpg
        New Member
        Spokane Valley, WA
        United States
        Member #59363
        March 14, 2008
        16 Posts
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        Posted: May 17, 2013, 9:23 am - IP Logged

        I know I have the winning ticket. I also know that someone from North Caronlina has a winning ticket. We will be spliting the jackpot on Saturday. Uh, WOW!

          whiteballz's avatar - Lottery-015.jpg
          Nutley, New Jersey
          United States
          Member #131058
          August 1, 2012
          875 Posts
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          Posted: May 17, 2013, 9:57 am - IP Logged

          Absolutely!!! I didn't know it was rated until u said something... And there's no way 550,000,000 story could b less than 5 stars!!!! Lol :) regardless of story... If I didn't like it I just wouldn't rate it, rather than 1star!!! Now waiting for another jp increase!!!

          I Agree!

          .

            Avatar
            Inland Empire
            United States
            Member #118116
            October 22, 2011
            317 Posts
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            Posted: May 17, 2013, 10:30 am - IP Logged

            this will be my first step... to donate  a big part to the needed kids . the future of our country . god bless....

             Well, some people said no one helps no one but themselves. Not my opinion though.

              Avatar
              Inland Empire
              United States
              Member #118116
              October 22, 2011
              317 Posts
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              Posted: May 17, 2013, 10:33 am - IP Logged

              One winner would be awesome (especially if it were me!).  I personally would like to see that because it's more exciting.  The media frenzy, craziness, and speculation.  The news coverage would be insane.  Winning the lottery is truly the dream we all dream.  EXTREME WEALTH!!!!  Just to be a part of that would be amazing.  The closest I have ever come to glimpsing that type of decadence is eating with gold utensils at a VIP restaurant in a Las Vegas casino.  Jay Leno was eating at the same restaurant.  That was years ago.  That was a nice experience but NOTHING compared to this.  Banana

               Maybe it's my pipe dream but even if I become the sole winner....

               I will still eat at Chipotle.

               I will still shop at Costco.

               I will drive a Toyota Sienna.

               I will live in a townhome in a gated middle-class community.

                Boney526's avatar - NjlpLogo
                New Jersey
                United States
                Member #99032
                October 18, 2010
                1439 Posts
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                Posted: May 17, 2013, 11:28 am - IP Logged

                The cash value is currently just over 63% of the advertised jackpot, and each ticket contributes a hair under 64 cents towards the jackpot. That means that the increase in the advertised jackpot is very nearly equal to the number of tickets sold. Assuming it gets to an even $650 million by the time of the drawing there will have been an increase of an even $300 million, and there will have been just about 300 million tickets sold.

                300 million tickets selected randomly would use about 130 million of the possible combinations, leaving about 45 million of them unplayed. That's 25% of them, so the chances of a rollover should be about 1 in 4.

                That's very small compared to the chances of a rollover when the advertised jackpot increases by $20 or even $30 million, but for such a huge jackpot I'd call it a significant chance.

                "300 million tickets selected randomly would use about 130 million of the possible combinations, leaving about 45 million of them unplayed. That's 25% of them, so the chances of a rollover should be about 1 in 4."

                 

                I have no idea how you calculated that (Poisson distribution???) but the Wizard of Odds came up with the same answer, that there's about a 25% chance of a rollover.

                 

                Anyway, the only reason I mention it is because he estimates that if it isn't won this drawing, and if it goes over 1 billion for next week, that there will be on average a 17 WAY split with the chance of no winners at 1 in 27 MILLION.  Personally, I think his analysis is flawed this time - but still.  There's a chance this jackpot won't be won - in fact, it's something like 20-25% while next time, but if that happens, we'll see a lottery ticket buying frenzy we've never seen before.

                 

                So, that being said, it's actually probably better to play this drawing than it will be if it rolls over again.  If there's another rollover, expect to see a split between multiple people winning the biggest jackpot in history.


                  United States
                  Member #116268
                  September 7, 2011
                  20244 Posts
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                  Posted: May 17, 2013, 11:32 am - IP Logged

                  No suprise that Boney comes crawling out of the woodwork now that PB is at $500 million. So is today is the big day that you buy some lottery tickets Boney? How many lines will you play? 2? 3? Just wondering.

                    DC81's avatar - batman39
                    MI
                    United States
                    Member #54830
                    August 31, 2007
                    985 Posts
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                    Posted: May 17, 2013, 11:36 am - IP Logged

                    I predict no active LP member will win.

                    /Nostradamus

                    You can't predict random.


                      United States
                      Member #116268
                      September 7, 2011
                      20244 Posts
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                      Posted: May 17, 2013, 11:39 am - IP Logged

                      I predict no active LP member will win.

                      /Nostradamus

                      I predict that you are wrong.


                        United States
                        Member #116268
                        September 7, 2011
                        20244 Posts
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                        Posted: May 17, 2013, 11:43 am - IP Logged

                        Let the good times roll. Lottery players are winners.

                        Powerball

                          Boney526's avatar - NjlpLogo
                          New Jersey
                          United States
                          Member #99032
                          October 18, 2010
                          1439 Posts
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                          Posted: May 17, 2013, 11:56 am - IP Logged

                          No suprise that Boney comes crawling out of the woodwork now that PB is at $500 million. So is today is the big day that you buy some lottery tickets Boney? How many lines will you play? 2? 3? Just wondering.

                          I haven't decided.  Probably one.  I've said this to you before, and you've usually taken it out of context.  I don't really like to play the huge games.  I only really play NJ's cash 5 when it's at 1 million plus.  I usually do 10 dollar a draw for that (used to play 30, but when it rolls over 3 times in a row, I'm spending nearly 100 dollars on the lottery, something I'm not really up for) but I do usually buy at least one ticket for these huge draws.  I'd rather take a 1 in 650,000 at around a million than a 1 in 175 million chance at half a billion.  Personal preference.  It's just more fun to me, and it's more likely to be life changing.

                           

                          If I make it to a store that sells lottery tickets (chances are pretty high I will) then I'll buy a ticket, and maybe 2 or 3, but no more than that.  If it rolls over, I'll probably refrain from buying tickets.

                           

                          Funnily enough, I think the attention on PB is going to make it less likely for MM to be won.  So the MM is very likely to be around 230-280 million by the time PB is done.

                            Arrowhead's avatar - underground
                            Ohio
                            United States
                            Member #120754
                            December 27, 2011
                            294 Posts
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                            Posted: May 17, 2013, 12:17 pm - IP Logged

                            One winner would be awesome (especially if it were me!).  I personally would like to see that because it's more exciting.  The media frenzy, craziness, and speculation.  The news coverage would be insane.  Winning the lottery is truly the dream we all dream.  EXTREME WEALTH!!!!  Just to be a part of that would be amazing.  The closest I have ever come to glimpsing that type of decadence is eating with gold utensils at a VIP restaurant in a Las Vegas casino.  Jay Leno was eating at the same restaurant.  That was years ago.  That was a nice experience but NOTHING compared to this.  Banana

                            The after-tax cash takeaway will probably be around 300 million---give or take a few according to your state---by the time it's all said and done. I get your excitement, I'm excited too, but come on---that prize could be shared 2-3-4 ways and everyone would be golden, with many, many lives changed (family, friends, charities) for the better.

                            One thing is true, though---the more I win, the more I can share.

                            Good luck. If you win---even a shared prize---you can invest in your own VIP restaurant. Maybe a couple.

                              Avatar
                              Grove City,Ohio
                              United States
                              Member #125421
                              March 28, 2012
                              40 Posts
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                              Posted: May 17, 2013, 12:21 pm - IP Logged

                              Just When To $600 Million, $700 Million looking like its in reach...