The News Courier in Athens, Alabama

State and Nation

November 27, 2012

Millions chase record $425M Powerball jackpot

— CHICAGO (AP) — Eight months after a trio of ticket buyers split a $656 million Mega Millions jackpot to set a world lottery record, Powerball is offering up a prize that would be the second highest.

The $425 million jackpot, the largest in Powerball's history, represents a potential life-changing fortune. But before shelling out $2 for a ticket, here are some things to consider:

___

A GOOD BET: SOMEONE WILL WIN

It's the gambler's mantra: Somebody's gotta win, so why not me?

The first part is true; somebody will win the Powerball jackpot.

Chuck Strutt, executive director of Multi-State Lottery Association, predicts there's about a 60 percent chance it'll happen Wednesday — maybe better if there's a flurry of last-minute ticket purchasers picking unique numbers.

The jackpot already has defied long odds by rolling over 16 consecutive times without anyone hitting the big prize, which now stands at $425 million ($278.3 million cash value). Strutt puts the odds at around 5 percent there would be no winner in the entire run, including Wednesday.

As the drought increases, so too will the chances of it ending on the next draw, because ticket sales spike with a growing jackpot.

Someone will win. Eventually.

___

A BAD BET: IT'LL BE YOU

It's true to say that you have a better chance of being struck by lightning than winning the Powerball. But that woefully understates the danger of lightning.

Tim Norfolk, a University of Akron mathematics professor who teaches a course on gambling, puts the odds of a lightning strike in a person's lifetime at 1 in 5,000. The odds of winning the Powerball jackpot: 1 in 175 million.

While weather is the go-to analogy for such astronomical odds, Norfolk suggests there are better ones.

For example, you'd have a slightly better chance of randomly picking the name of one specific female in the United States: 1 in 157 million, according to the latest census.

Text Only
State and Nation
Photos


Poll

Do you believe America will ever make another manned flight to the moon or another planet?

Yes
No
     View Results
Facebook
AP Video
Obama Offers Condolences at Dutch Embassy Cat Fans Lap Up Feline Film Festival Raw: Lawmakers Scuffle in Ukraine's Parliament The Rock Finds His Inner 'Hercules' Michigan Plant's Goal: Flower and Die Raw: MH17 Passenger Remains in Kharkiv, Ukraine Raw: Israel Hits Gaza Targets, Destroys Mosques ShowBiz Minute: Hoffman, Oberst, Box Office WWII Vet Gets Medals, 70 Years Late Raw: Israel Bombs Multiple Targets in Gaza Veteran Creates Job During High Unemployment Raw: Cargo Craft Undocks From Space Station Widow: Jury Sent Big Tobacco a $23B Message New Orleans Plans to Recycle Cigarette Butts UN Security Council Calls for MH 17 Crash Probe Obama Bestows Medal of Honor on NH Veteran Texas Sending National Guard Troops to Border Hopkins to Pay $190M After Pelvic Exams Taped Foxx Cites Washington 'Circus Mirror' NASA Ceremony Honors Moon Walker Neil Armstrong
Twitter Updates
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Stocks
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Business Marquee