Newest Fox News piece: Powerball odds
The $550 million Powerball jackpot sure sounds tempting. And you may be even more tempted to participate in Powerball madness when I tell you that inspired to learn that there is a 63 percent chance at 10:59 ET on Wednesday night that one or more people will be screaming with delight or fainting.
It seems like such a great deal, too. For a very small investment, with a $550 million jackpot, and odds of 1 in 175 million, it looks like a $2 ticket will on average pay $2.84. Even if you don't win the Powerball jackpot, you might win a consolation prize. That adds another 35 cents to the value of each ticket, for a total of $3.19. Not a bad return for a $2 investment. How can you go wrong?
You might be wondering how state governments can afford to pay out so much money even when they keep 50 percent off the top of the prize. That's because the unclaimed winnings from 15 previous Powerball drawings are kept in the pot. . . .I definitely wouldn't have picked the title for this piece.