Now for a bit of history on Powerball. Years ago, sales were lagging; it seemed that the 80M/1 odds of 1 ticket winning (roughly the odds of being struck by lightning - twice) could produce only so high a jackpot. People were getting numb to 3-5 million dollar range payouts, and sales were falling. What a shame.
What to do? Our government, which conveniently exempts itself from truth in advertising laws regarding Powerball, decided to raise the amounts paid out. So, they made the odds closer to 180M/1, thus yielding less payouts, but bigger jackpots in the tens of millions of dollars. Sales took off like a rocket! Yes, because the average person is too dim and too covetous to resist the allurement of easy wealth, lowering the odds was a brilliant maneuver to enhance the voluntary tax paid by Americans who claim they have such economic hardships, allowing the government to make billions off of them.
The odds are you will be disappointed.
Gamblers dream.
Investors do.
