Powerball – Excited about to learn “What is Powerball and Powerball Result in 2021” ?
October 18, 2020
Hi i’m Rory from power ball’s calm this is parable our gyroscopic wrist exerciser parable is about the size of an apple and it weighs a half a pound of 250 grams and yet this little guy can generate up to 60 pounds of force there’s no battery inside there’s no motor everything is done by your wrist and your arm you have a hard plastic shell and you have a free spinning wheel inside the faster that wheel spins the more force that it generates this can spin it up to 20,000 revolutions per minute all powered.
Powerball Business and How To Win Powerball and Get Powerball Result. So read Full Article and you will get awesome Technics.
1.5 billion dollars it’s the single largest Powerball jackpot in US history even with a 1 and 292 million chance of winning Americans are lining up and waiting hours of the cold for a chance to win a football fields length away from the store and I’m told it’s almost a three-hour wait but have you ever wondered how the Powerball business works or where those two dollars you spend are actually going I’m gonna break it down for you right now what’s up everybody.
my name is just policing and welcome to the minority mindset the Powerball lottery is run by the multi-state lottery Association also known as the MU SL it’s a non profit government benefit Association meaning is essentially a fundraiser for the government it’s made a lot of money over the years
How To Get Start and Win Powerball Result
Here’s how it works the Powerball jackpot starts off at 40 million dollars you pick five numbers between 1 and 69 and one Powerball number between 1 and 26 if you get all the numbers right you win the jackpot but if there’s no winners then the Powerball jackpot goes up by a minimum of 10 million dollars.
The actual amount goes up by varies by the number of ticket sales there are the higher the jackpot the more tickets that are sold the more tickets that are sold the more revenue there is and the more revenue that there is the more money.
That there is to give away in the jackpot the Powerball was started in 1992 when tickets for just $1 but after a not-so-great year 2011 with revenues of about 2.9 billion dollars the emulous song needed to come up with a way to make more money so they decided to increase and take a price from $1 to $2 now basic economics will tell you that when you increase the price of something.
You’ll make more money per person but you’ll sell less than that item so to increase ticket sales that mus all made it more difficult to win the lottery this is why we now pick numbers between 1 and 69 instead of 1 in 59 this decreases our chances of winning from 1 to 175 million to 1 and 292 million you’re probably wondering how.
Decreasing the chances of winning would increase to sailed well with there’s no winner then the jackpot goes up which results in more press coverage and more people that are interested in playing the lottery after one year making the change the mus else on 35% increase in revenue to about four billion dollars since its start Powerball has made about fifty six billion dollars from ticket sales and is paid out just over twenty eight billion dollars in rewards.
And prizes so what happens to the other half of the money the mus cell says all profits from the games are kept by the states that sell the tickets which is just political talk meaning that they’re going to spend as much money as possible paying their employees before they hand over the money to the state don’t believe me in 2012 Rhode Island reported that they only made eleven cents for every dollar spent on lottery tickets that means that the other eighty nine percent were business expenses so maybe you don’t need a lottery ticket to be a real lottery winner so if there’s a one in 292 million chance of winning and I buy all 292 million.
Variations of lottery tickets for 584 million dollars doesn’t that mean I’m guaranteed to win the 1.5 billion dollar jackpot yes but there’s a couple problems with that you only get the 1.5 billion dollars if you accept the money over 30 years if you want the money now you’ll make about 868 million dollars but you still have to pay federal income tax on that which comes up to about 40% they begin with about 520 million dollars a loss but it doesn’t end there the IRS requires you to withhold 25 or 28 percent of your lottery earnings probably because they want to make sure that they can take as much tax from it as possible
And so they can check that you didn’t miss a penny on your previous tax returns plus with more and more people buying lottery tickets it’s more likely that there’s going to be more than one winner so you’d have to share the pot and if that’s not convincing enough you have to buy all your lottery tickets in person so even if you could buy one lottery ticket a second it would still take you over nine years take it on 292 million lottery tickets if you play the lottery good luck if you liked the video don’t forget to give me a thumbs up and share this with your friends.