updated - October 21, 2016 Friday EDT
Powerball reached its all time peak payout, which means everyone and their grandmas are guessing the winning numbers for Wednesday draw. But the more people guess, the bigger the disappointment and the slimmer the chances will be to actually win the big payout of Powerball lottery.
According to FiveThirtyEight, "Well, this is it: the first North American lottery over $1 billion. With an advertised jackpot of $1.5 billion, and only five other Powerball lotteries1 north of a half-billion, we are far, far from home when it comes to reliably forecasting the turnout to this lottery."
The same article reports that "If there's no winner in Wednesday's drawing, the pot will continue to climb into unheard of amounts."
So what exactly is the payout for Powerball this Wednesday? CNN has the answer for you. As of right now, "the current cash payout is $930 million. Only a ticket holder who opts to collect the jackpot in annual payments will gets the entire $1.5 billion."
Okay, you might say. I'm convinced that I will win Powerball this year! So what are the chances exactly? Well, pal, that ain't looking too good. From our friends at Wired, it looks like "Your odds of winning this week's record Powerball jackpot... are pretty bad. How bad? Like one in more than 292 million bad. Or put another way, barely better odds than having your name randomly pulled from a hat filled with the names of everyone in the US."
The winning numbers for Wednesday has been guessed, turned over and discussed by everyone, which means that you might be lured to buy a ticket. Your common sense might say otherwise, but if we live in the logical world of our brains... then what's the fun in that?
Do you think you will consider buying a Powerball ticket before Wednesday announcement? Let me know in the comments below!
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