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Powerball heats up with $317 million jackpot

Topic closed. 66 replies. Last post 2 years ago by hsg2000.

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Maryland
United States
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January 2, 2015
887 Posts
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Posted: February 4, 2015, 9:40 am - IP Logged

im so excited that the drawing is today!!! good luck everyonne. i hope it rolls over until saturday if i dont win today(:

Yea this will get crazy if it rolls!

    Gleno's avatar - Lottery-001.jpg
    New Jersey
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    Member #80354
    September 25, 2009
    705 Posts
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    Posted: February 4, 2015, 9:47 am - IP Logged

    Any chemistry students in LP?  Chemical elements have an atomic number assigned to them

    Last power ball  winning numbers were:

    05- Boron

    11- Sodium

    16- Sulfur

    26- Iron

    50- Tin

    34- Selenium

    Yeah,  we all know the game is a random event  but it was interesting to see which elements were randomly selected.

     

     

    Thinking of...

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      California
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      April 7, 2013
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      Posted: February 4, 2015, 10:05 am - IP Logged

      As far as combinations are concerned when the drawing begins there are 59 balls in the machine so you have 59 possibilities of what comes out. Once the first ball is drawn then you have 58 left, 2nd ball drawn you have 57 left, 3rd Ball drawn you have 56 left, 4 ball drawn you have 55 left, so in that simple true look at the numbers you get my first result of 59*58*57*56*55=600,766,320 then you have to add the 35 power combo's to that number and get the 21+billion. I know the odds chart says 175+million but thats not based on real number of combinations. gambling institutions (lottery included) use this method to make things look better than they really are for the player. try looking up the odd chart formula in wikipedia then maybe you would understand it better.

      To claim there are 21+ billion combinations in the Powerball lottery is insane. The population of the US is about 320 million people.

      So even if every man, woman and child in the United States bought a lottery ticket and you had a 100% participation in the lottery, that would only account for about 320 million out of the 21+ billion combinations you are claiming.

      It would take years for anyone to win the jackpot and each jackpot rollover would be over 300+ million dollars annuity for each rollover.

      The jackpot would skyrocket to over a billion dollars annuity after only 4 rollovers!!!!!

        Guru101's avatar - rw6jhh
        Indiana
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        January 7, 2007
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        Posted: February 4, 2015, 1:02 pm - IP Logged

        What am I going to do with my $157,949,600 after taxes?

        Gonna win.Big Smile

          Think's avatar - lightbulb
          Marquette, MI
          United States
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          August 20, 2005
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          Posted: February 4, 2015, 1:11 pm - IP Logged

          As far as combinations are concerned when the drawing begins there are 59 balls in the machine so you have 59 possibilities of what comes out. Once the first ball is drawn then you have 58 left, 2nd ball drawn you have 57 left, 3rd Ball drawn you have 56 left, 4 ball drawn you have 55 left, so in that simple true look at the numbers you get my first result of 59*58*57*56*55=600,766,320 then you have to add the 35 power combo's to that number and get the 21+billion. I know the odds chart says 175+million but thats not based on real number of combinations. gambling institutions (lottery included) use this method to make things look better than they really are for the player. try looking up the odd chart formula in wikipedia then maybe you would understand it better.

          As far as combinations are concerned it is 59C5=5,006,386*35=175,223,510

          As far as permutations are concerned it is 59P5=600,766,320*35=2.10268212*10^10

          In Powerball you do NOT have to match them in the order they come out of the machine so the odd are 175,223,510 to 1

            lejardin's avatar - Lottery-014.jpg

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            November 4, 2011
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            Posted: February 4, 2015, 1:12 pm - IP Logged

            What am I going to do with my $157,949,600 after taxes?

            The same thing I am going to do with my net $165,450,000 lol.  Good Luck!   Sun Smiley

              RJOh's avatar - chipmunk
              mid-Ohio
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              March 24, 2001
              19825 Posts
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              Posted: February 4, 2015, 1:31 pm - IP Logged

              What am I going to do with my $157,949,600 after taxes?

              You mean what is the winner going to do with his/her, mostly likely his $157,949,600 after taxes.  Ever wonder why mostly men claim the really big jackpots?  Usually there's a woman tagging along when he does claim it.  I would like to see a women claim it with a man tagging along when she claimed it.

               * you don't need to buy more tickets, just buy a winning ticket * 
                 
                           Evil Looking       

                pickone4me's avatar - 021414tvlies zpsa453b327.jpg
                Wisconsin
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                January 23, 2011
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                Posted: February 4, 2015, 4:00 pm - IP Logged

                It more then likely won't roll too many times if it isn't won tonight.  Speaking of wins,  I wonder what state the winner will be in.

                Trump 2016!

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                  California
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                  April 7, 2013
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                  Posted: February 4, 2015, 4:54 pm - IP Logged

                  The same thing I am going to do with my net $165,450,000 lol.  Good Luck!   Sun Smiley

                  This is from the Powerball website: http://www.powerball.com/pb_contact.asp#odds

                   

                  "Federal and State Income tax apply to whatever income you actually receive in a given tax year, whether it is wages or lottery prizes. If you take the cash amount (say $50 million), then you pay income tax on $50 million) - most of it at the highest tax rate. If you take the annuity (say $100 million), then you pay income tax on the money you actually receive each year - moving more of the money to lower tax rates. Just like your wages, a withholding amount is required to be taken out immediately. The lottery will send you a W2-G form and you figure your actual tax at tax time."

                   

                   

                  If you win tonight, you will get $165,450,000 after the 25% tax withholding. When they send a W2-G form you'll soon figure out, you will owe more taxes because the top tax rate is 39.6% on income over $400,000 if you are filing single or $450,000 if you are married filing jointly.

                  This is just the federal income tax, depending in which state you live in, you will owe even more in state income tax.

                    Drenick1's avatar - villiarna
                    USA
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                    Posted: February 4, 2015, 5:37 pm - IP Logged

                    You mean what is the winner going to do with his/her, mostly likely his $157,949,600 after taxes.  Ever wonder why mostly men claim the really big jackpots?  Usually there's a woman tagging along when he does claim it.  I would like to see a women claim it with a man tagging along when she claimed it.

                    If I were the lucky winner you can bet my husband would be tagging right alongWink

                      LottoMetro's avatar - Lottery-024.jpg
                      Happyland
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                      September 1, 2013
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                      Posted: February 4, 2015, 7:14 pm - IP Logged

                      $360 million if no winner tonight.

                      If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                      If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                      2016: -48.28% (13 tickets) ||
                      P&L % = Total Win($)/Total Wager($) - 1

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                        California
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                        Posted: February 4, 2015, 8:29 pm - IP Logged

                        It more then likely won't roll too many times if it isn't won tonight.  Speaking of wins,  I wonder what state the winner will be in.

                        My money's on the Golden State. Matter of fact, I bet $20 on PB tickets with the hope the winner will be me. Good luck to everyone playing tonight.

                          scarchelli's avatar - 1zwkm5v
                          hinsdale, il
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                          March 28, 2012
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                          Posted: February 4, 2015, 10:29 pm - IP Logged

                          apparently you people still don't get it. "1in #####" is an ODDS CHART! not true numbers. i can prove it you another way. look at the bottom prize hitting only the power ball. The chart says the odds are 1in55 ok then why is that since there are only 35 power balls. its because you could JUST MAYBE win a higher prize by getting one or more white balls with that power ball. ENOUGH SAID!

                          I barely post here, but I had to log in and post to tell you how dumb you are.  21 billion..hahaha.  Moron, there would be a winner only once every several years then.

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                            California
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                            Posted: February 5, 2015, 1:53 am - IP Logged

                            $360 million up for grabs for next Saturday's drawing.

                              gocart1's avatar - lighthouse
                              ONEONTA,NEW YORK
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                              January 17, 2006
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                              Posted: February 5, 2015, 5:51 am - IP Logged

                              $360 million up for grabs for next Saturday's drawing.

                              Holy Molie.....It rolled