Did you buy a Powerball ticket? This is why it may not have been worth it, even if you did manage to win the prize.
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You want to be rich? Stop buying lottery tickets. A few weeks ago, the Powerball prize Rose all the way up to 1.5 billion dollars. Now if you were to win, you would be in the top one percent of income earners. How Likely is it that you would actually win? Well, the published odds were 1 in 292 million now say Uranus lined up with Pluto And for some reason, you're able to win this amount. How much would you actually be taking home? You can get a lump sum payout or a prize over a period of 30 years. If you choose the lump sum, you would get 70 of the 1.5 billion dollar prize upfront. Now that leaves you with just over a billion dollars. But wait, there's income taxes so that full amount would leave you with just at 650 million dollars. So if you somehow managed to win the lottery, you would get less than half the price..

By Stock Chat

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20 thoughts on “The powerball is a waste of money”
  1. Avataaar/Circle Created with python_avatars DanielG says:

    650 mil would be ok

  2. Avataaar/Circle Created with python_avatars vikram says:

    still better than your ftx pump videos

  3. Avataaar/Circle Created with python_avatars theguy261 says:

    So what I'm throwing 4 dollars when it hits a billion. It just means I don't get coffee one day big deal.

  4. Avataaar/Circle Created with python_avatars [yeet yeet] says:

    Yeah, but more importantly, you will NEVER EVER win.

  5. Avataaar/Circle Created with python_avatars Adrian Chavez says:

    Ooh nooo just 650 million :((

    You realize we're all poor right…

  6. Avataaar/Circle Created with python_avatars Jon says:

    *JUST*

  7. Avataaar/Circle Created with python_avatars Happy Magic Time says:

    I don't think it's a waste of money for the person that won lol

  8. Avataaar/Circle Created with python_avatars Dylan dossett says:

    Man if I just won a million Iโ€™d be happy ๐Ÿ˜‚

  9. Avataaar/Circle Created with python_avatars Erick Varela says:

    Luck has no boundaries! But I statistically see your point! It makes sense!

  10. Avataaar/Circle Created with python_avatars Tammy Van Winkle says:

    Life changing for most and most can't hold on to it!

  11. Avataaar/Circle Created with python_avatars albiinengbeerg says:

    You are to good for shorts dude

  12. Avataaar/Circle Created with python_avatars Dave O. says:

    my WHAT? to pluto?????!!!

  13. Avataaar/Circle Created with python_avatars Mae Saul says:

    650 million๐Ÿ˜ they can take half of that i wouldnโ€™t give a flying f

  14. Avataaar/Circle Created with python_avatars Walt C. Bagwell says:

    You don't want to play lottery that's your choice….but I'm playing…my choice

  15. Avataaar/Circle Created with python_avatars Paul says:

    Yeah you're right. Playing maybe 20 bucks worth of tickets for a chance to win $650 million… That is such a waste.

  16. Avataaar/Circle Created with python_avatars Username8281 says:

    FTX news please bro

  17. Avataaar/Circle Created with python_avatars Six says:

    Uncle Roger?

  18. Avataaar/Circle Created with python_avatars H L says:

    Bro half a billion is still alot of money

  19. Avataaar/Circle Created with python_avatars Francisco A says:

    You out here making shorts on lottery tickets. Bro start covering some news on FTX.

  20. Avataaar/Circle Created with python_avatars JennX says:

    Lottery tickets?

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