- Obama’s regulatory agenda will cost U.S. economy $143B next year: report
- Patriot Act author on James Clapper: Fire, prosecute him
- Russia P.M. Medvedev: No amnesty for political prisoners
- Michigan GOP Senate hopeful reminds government is the ‘servant’
- Christmas, by Congress: Members mull a 15-cent tax on trees
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- World mourns Nelson Mandela and celebrates his life; burial set for Dec. 15
- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
- John Boehner says GOP should support gay candidates: ‘I do’
- Grass-Whopper: Pan-fried cricket burgers go over big in New York City
Millions chase record $500 million Powerball jackpot
Question of the Day
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 $500 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 will 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 $500 million ($327 million cash value). Mr. Strutt puts the odds at around 5 percent that 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 will 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, Mr. 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.
Victory loves company
- Spike in battlefield deaths linked to restrictive rules of engagement
- Obama administration issues permits for wind farms to kill more eagles
- MILLER: Obamacare enrollees include 101 members of the House of Representatives
- Bill OReilly reminds: Nelson Mandela was a communist
- Rush Limbaugh: Obama trying to make Mandela death about himself
- EDITORIAL: Our ideological president
- Federal deficit shrinks 20 percent in fiscal 2014
- Activists urge Obama to go rogue, sidestep Congress
- PRUDEN: British press horrified as London's new mayor dares to proclaim the truth
- Hola: Boehner prepares to push amnesty bill through House
Independent voices from the The Washington Times Communities
The Constitution: Every issue, every time. No exceptions, no excuses. And how to get from here to there.
Why can’t humans just be free to be humans?
Get in the middle of all the action inside and outside the boxing ring.
Find the latest news and happening that effect those in the Washington D.C., Northern Virginia and Maryland Metro region.
White House pets gone wild!