News and Tribune

Recent Local News

November 27, 2012

Millions chase record $500M Powerball jackpot

(Continued)

CHICAGO — RIG-PROOF LOTTERY?

It’s conceivable you could win Wednesday night’s drawing, just not the right one.

In addition to the official one televised nationally from Tallahassee, Fla., there are four practice runs.

The reason, Strutt says, is to make sure the machines are running properly and the numbers are being distributed properly. The balls used in the game are regularly measured, weighed and X-rayed. Then they’re locked up in a room that’s under 24/7 surveillance. Only the organizers and their auditors have a key.

IS IT A GOOD INVESTMENT?

You already know the answer to that. Yet people play anyway.

Strutt is estimating that there will be $214 million in sales for Wednesday’s drawing (up from $140 million from Saturday’s drawing).

Half the proceeds go to the prize pool — about a third of that to the big jackpot, with the rest to lower ones, including a new $1 million second prize. The other half goes to the lottery operations in the 42 states plus Washington, D.C., and the Virgin Islands where Powerball is played. This funds charitable efforts such as education, in addition to paying for overhead and compensating winning stores.

Barrow says it’s no secret that it’s not a prudent investment to regularly buy lottery tickets, but contends it’s a little more defensible as the amount skyrockets.

If the jackpot amount approached $600 million, and if you had the means to buy enough tickets until you won, AND if you could guarantee you wouldn’t have to share with anyone, then it might be a wise investment.

That’s a lot of ifs, Barrow says. But he’ll likely join the throngs of ticket buyers.

“For 2 bucks, it’s worth a chance,” he said. “What else am I going to do with that $2? I’ll just waste it on something else.”

Text Only | Photo Reprints
Recent Local News
LOCAL MAGAZINES
Easter 2014 photos


Click on any photo to purchase it.

SPECIAL CONTENT
Twitter Updates
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Renewed Violence Taking Toll on Gaza Residents 2 Americans Detained in North Korea Seek Help US Employers Add 209K Jobs, Rate 6.2 Pct House GOP Optimistic About New Border Bill Gaza Truce Unravels; Israel, Hamas Trade Blame Raw: Tunisia Closes Borders With Libya Four Rescued From Crashed Plane Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction
2013 Photos of the year


Take a look at our most memorable photos from 2013.