No it’s not one hundred billion dollars, but this Wednesday Powerball lottery jackpot is estimated at $1.3 billion. Yes I said billion and that’s a lot of money. The New York State lottery web site has the prize listed at $999 million because it can’t simply display the 1 billion dollar prize because this is the first time in lottery history the prize has grown to this size. Now keep in mind the odds of winning are one in 292 million, but with a prize this big I am sure there will be even more people playing in the next few days. Get ready for an endless blitz of news stories and social media post on the topic.
My Social media feeds have been littered with Powerball mentions over the last week, many stating they’ve purchased tickets, others sharing posts hoping if someone else’s wins they will get a piece of their winnings, and many stating what they would do with the cash. Just search the #Powerball for some entertainment. I think this tweet sums up the size of the jackpot pretty well.
— Steve Rudin ABC7 (@SteveRudinABC7) January 10, 2016
Some other funny tweets:
— hector srsly (@Hector_Srsly) January 10, 2016
— Mashable (@mashable) January 10, 2016
I only gamble when I have the money to lose. I usually play the lottery when the prize goes over a 100 million. So, I will defiantly be getting my tickets for a price ten times that amount. I mean I could buy sharks with frickin’ laser beams attached to their heads! My wife and I were talking about the prize and I’m not sure winning this amount of money would be a blessing. You might have to go into hiding after winning that kind of money. The lump sum would vary depending on what state you win the price because of different tax laws, but the guess is roughly $800 million.
Still it’s fun to dream about a windfall that large. My children asked about what percentage of the winnings of the price money they could have if we won. I said there would be a shiny new $50 gift card in their futures. They laughed. College funds, car funds, and house funds all would be set. It’s fun to dream a little. With this kind of money there is a lot of good and help that could be done. It’s my birthday week and you just never know.
Do you play lottery? What would you do with a windfall this large?