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$700 MILLION: Powerball lottery jackpot raised just hours after initial estimate

Topic closed. 151 replies. Last post 11 months ago by sirbrad.

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mikeintexas's avatar - tx avatar-1.gif
Texas Panhandle
United States
Member #136843
December 20, 2012
1266 Posts
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Posted: January 7, 2016, 4:46 pm - IP Logged

Virgin post for me on this site.  Been coming here over the years just for updated lottery news and read some of the comments.  Figured might as well post from time to time.

I'll be picking up my tickets before the drawing.

Welcome to LP! See Ya!

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    NH
    United States
    Member #83352
    December 5, 2009
    223 Posts
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    Posted: January 7, 2016, 4:51 pm - IP Logged

    In my Opinion I think that If powerball hit 500 million and no one wins, Money should be spread among second tier. Instead of one person winning the whole thing to him or herself. We all bought tickets to boost the sales, so it's only fair if everyone that bought a ticket get its share. Good luck to everyone

    Barry Sanders approves of this messege

      whiteballz's avatar - Lottery-015.jpg
      Nutley, New Jersey
      United States
      Member #131058
      August 1, 2012
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      Posted: January 7, 2016, 4:58 pm - IP Logged

      Barry Sanders approves of this messege

      Barry Sanders? What does football have to do with the $700 mil Powerball jackpot?

       

      .

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        NH
        United States
        Member #83352
        December 5, 2009
        223 Posts
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        Posted: January 7, 2016, 4:58 pm - IP Logged

        I said I didn't think this would make a billion dollars.  Getting ready to eat my words.  At $700,000,000 and two and a half more days to go, it just might make it.

        I think by Friday morning it will be 800,000,000. Friday night 850,000,000. Sat morning we'll see 900,000,000. And PB wants so bad for it to hit 1 billion that we will see it happen. 

        I think it will be 1 Billion dollars come Sat night and we will have 6 winners of the Grand prize and 25 winners of the 2nd prize...

        Powerball changed the Matrix recently so it could get to a Billion dollars...

          HoLeeKau's avatar - YheaShea
          Idaho
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          Member #94283
          July 17, 2010
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          Posted: January 7, 2016, 5:06 pm - IP Logged

          No lines in Boise at 1:30 today.  I went to a vending machine at Rite Aid first, then a likker store.  Walked by a Stinker and only 1 car there so probably no lines there either.

            HoLeeKau's avatar - YheaShea
            Idaho
            United States
            Member #94283
            July 17, 2010
            2284 Posts
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            Posted: January 7, 2016, 5:08 pm - IP Logged

            Please tell me you're kidding. You think people are shelling out their money so 700 people can become millionaires? If you really want fair then everyone who bought tickets should get something back. But because we're adults and not in little league where everyone is given a prize for participating, then the system as is is fair. You know what the game is and what the odds are. If you choose to still play, that's it. There are many games with much more frequent winners where max's are capped. Since MUSL doesnt have monopoly on gambling, no one should think it's unfair.

            Yes, if this prize was divided up into 1 million per person, first, it couldn't be a random draw.  It would have to be a raffle or something.  Second, no way on earth would it be worth even half this amount.  It probably would still be around 50 mil.  People don't put down lots of money in order to win a million bucks anymore.

              hearsetrax's avatar - 0118

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              May 21, 2007
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              Posted: January 7, 2016, 5:26 pm - IP Logged

              should be a most curious weekend

              best of luck to all

              please let it hit in VA

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                United States
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                February 15, 2015
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                Posted: January 7, 2016, 5:42 pm - IP Logged

                I splurged and spent $500 on PB tickets this morning!  It's the most I've ever spent on lottery tickets.  At 10 am there were 7 people in line to buy tickets.  I thought I was the only smart one.  Don't wait until the last minute when the terminals will be overloaded and shut down. 

                I've also made a list of friends who will be part of a Trust if one of my tickets win the big jackpot.

                Cha-ching!    Banana

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                  NY
                  United States
                  Member #23835
                  October 16, 2005
                  3474 Posts
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                  Posted: January 7, 2016, 5:48 pm - IP Logged

                  In my Opinion I think that If powerball hit 500 million and no one wins, Money should be spread among second tier. Instead of one person winning the whole thing to him or herself. We all bought tickets to boost the sales, so it's only fair if everyone that bought a ticket get its share. Good luck to everyone

                  You should vote on the rules by not buying any tickets when the jackpot is more than $500 million.

                    RJOh's avatar - chipmunk
                    mid-Ohio
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                    March 24, 2001
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                    Posted: January 7, 2016, 5:48 pm - IP Logged

                    I splurged and spent $500 on PB tickets this morning!  It's the most I've ever spent on lottery tickets.  At 10 am there were 7 people in line to buy tickets.  I thought I was the only smart one.  Don't wait until the last minute when the terminals will be overloaded and shut down. 

                    I've also made a list of friends who will be part of a Trust if one of my tickets win the big jackpot.

                    Cha-ching!    Banana

                    Did you have a strategy other than a bunch of quick picks?

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

                      BBLL's avatar - audi r8-wallpaper-bla
                      Chicago
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                      February 7, 2012
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                      Posted: January 7, 2016, 5:53 pm - IP Logged

                      How long is the press conference when you win the powerball and how be for I receive my money?


                        Canada
                        Member #171345
                        January 6, 2016
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                        Posted: January 7, 2016, 5:54 pm - IP Logged

                        its best to look at previous drawings and determine from there, like i know that 3 consecutives are possible and shouldn't be ruled out, having patterns like 14 24 34 or 1 low number and 4 high, numbers, powerball is anyones guess

                         

                        I don't think i can ever justify spending $500 on just a single draw alone, I would expect that money to last for a year of draws.

                          dpoly1's avatar - driver
                          PA
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                          October 16, 2008
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                          Posted: January 7, 2016, 6:02 pm - IP Logged

                          I am thinking about getting an extra ticket for this .........

                          Dance

                          dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                           

                          Eschew Poverty ........... Vote Conservative!

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                            Alpharetta, GA
                            United States
                            Member #169547
                            October 23, 2015
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                            Posted: January 7, 2016, 6:04 pm - IP Logged

                            I hope you wheeled these with a strategy??    I'm not opposed to playing big wheels  with a strategy but playing $500 of quick picks is probably not the way to go.

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                              Wyomissing, PA
                              United States
                              Member #161050
                              November 15, 2014
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                              Posted: January 7, 2016, 6:05 pm - IP Logged

                              I splurged and spent $500 on PB tickets this morning!  It's the most I've ever spent on lottery tickets.  At 10 am there were 7 people in line to buy tickets.  I thought I was the only smart one.  Don't wait until the last minute when the terminals will be overloaded and shut down. 

                              I've also made a list of friends who will be part of a Trust if one of my tickets win the big jackpot.

                              Cha-ching!    Banana

                              Hope it works out for you. Presumably, you bought 250 tickets without Powerplay. With the jackpot odds being 1 in ~292 million, your combined odds of winning is still a far out 1 in ~1.17 million. Even hitting 2nd place, which pays $1 million (except California) with 250 tickets is 1 in 46,752. More realistic, but still a huge long-shot. Good luck!

                              Personally, I bought two tickets with Powerplay, since hitting 2nd place is 25 times more likely than 1st. That extra $1 million will come in handy to cover the taxes on the base $1 million prize. On the other hand, if I'd skipped buying Powerplay, I could have bought a 3rd ticket. So it's a gamble, but figure I'd go with the odds, while hoping for the big one, knowing it's far more likely to hit a lower tier prize, which is doubled or more with Powerplay.

                                 
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