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# Powerball heats up with \$317 million jackpot

Topic closed. 66 replies. Last post 3 years ago by hsg2000.

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Maryland
United States
Member #162434
January 2, 2015
1292 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!

New Jersey
United States
Member #80354
September 25, 2009
718 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.

California
United States
Member #141204
April 7, 2013
280 Posts
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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!!!!!

Indiana
United States
Member #48725
January 7, 2007
1960 Posts
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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.

Marquette, MI
United States
Member #20541
August 20, 2005
758 Posts
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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

United States
Member #118609
November 4, 2011
1211 Posts
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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!

mid-Ohio
United States
Member #9
March 24, 2001
20144 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 one *

Wisconsin
United States
Member #104962
January 23, 2011
1150 Posts
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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.

Redacted

California
United States
Member #141204
April 7, 2013
280 Posts
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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!

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.

USA
United States
Member #152799
February 25, 2014
1095 Posts
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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 along

Happyland
United States
Member #146344
September 1, 2013
1139 Posts
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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?

2017: 0% (0 tickets)
P&L % = Total Win(\$)/Total Wager(\$) - 1

California
United States
Member #141204
April 7, 2013
280 Posts
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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.

hinsdale, il
United States
Member #125346
March 28, 2012
31 Posts
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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.

California
United States
Member #141204
April 7, 2013
280 Posts
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 Posted: February 5, 2015, 1:53 am - IP Logged

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

ONEONTA,NEW YORK
United States
Member #30516
January 17, 2006
437 Posts
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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

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