5 things about the Powerball lottery that will amaze you!
1. The amount is the highest ever.
The Powerball Jackpot, which is estimated to be worth more than $1.4 billion, is officially the largest…ever. The $1.4 billion estimated Jackpot will make some lucky person wealthier than some countries! The winning amount is more than the GDP of Greenland, Gambia, Samoa and the Solomon Islands. Previous to this, the largest winning amount was $656 million in the MegaMillions which was won in the United States on March 30, 2012. The amount was split between three winning tickets; one in Maryland, one in Illinois and one in Kansas. If the Powerball does indeed hit the $1.4 billion mark, it could become the highest payout win ever in lottery history!
2. Your odds of winning are very low.
The official chances of winning the estimated $1.34 billion Powerball Jackpot are about 1 in 292.2 million. Professional analysts insist that the higher the jackpot, the lower the win will really be. This is due to the fact that a higher jackpot amount increases the number of people purchasing tickets. The fact that there are therefore more tickets eligible to win means the odds of having multiple winners rises. With more winners, comes less payout to the victors. As statistics would have it, you are 33 times more likely to be killed by bees, 50 times more to be struck by lightning, 8,000 times more to be murdered and more than 20,000 times more likely to be killed in a car accident.
3. If you did win though, you could buy A LOT.
The winner of the Powerball Jackpot would be potentially looking at a $1.4 billion gain. That amount would be enough to buy some of the most valuable items on the face of the Earth. Remember MySpace? That social network that came before Facebook? Well, MySpace was sold in June 2011 for just $35 million to Specific Media and entertainment superstar Justin Timberlake jointly. With just $35 million of your precious new dollars, you could purchase a 1962 Ferrari 250 GTO, the most expensive car ever sold, which was purchased by a private collector in the UK. You could also take a vacation and stay in the super-luxurious Royal Penthouse Suite at the Hotel President Wilson in Geneva, Switzerland. Featuring 10 rooms and 7 bathrooms, this $65,000 a night suite is one of the most expensive places to stay on the planet.
4. Celebrities have weighed in.
Everyone from TV stars to musicians have flocked to their social media accounts to get in on the hot topic. Some, like actor Josh gad and singer Christina Perri, chose to put things in perspective, reminding people that there are more important things in life, whilst others, like reality show star Heidi Montag, expressed their disappointment in losing. Some celebrities just joked about the subject like legendary comedian Steve Martin, who claimed he was pretty confident to win and opera singer and actor Josh Groban who teased about giving $1 to 800,000,000 of his closest friends. Reality superstar Kim Kardashian weighed in, by asking her fans if they had their Powerball tickets. Most however, just expressed, like most people, the shock at the stunning amount of money in the Jackpot. Stars like T.J. Holmes, La Toya Jackson, and Hoda Kotb expressed over Twitter, their sheer amazement at the sky high potential win.
5. This isn’t the world’s only huge lottery.
In 1994, the first National Lottery was created in the United Kingdom by a man named John Major. The system has now been running for over 20 years and in that time, has created more than 3,600 millionaires and paid out over £53 billion. The world’s largest jackpot is largely considered to be in Spain. The Sorteo Extraordinario de Navidad (Spanish Christmas Lottery) boasted an incredible €2.52 billion ($2.74 billion) jackpot in 2012. The EuroMillions lottery, which extends across Europe, features multiple hundreds of millions in winnings every month. Winners from that lottery can come from any number of countries from anywhere on the European continent in any variation.