A car hit a bicycle Terre Haute's south side.
News 10 learns exactly what your odds are of winning the jackpot.
Add some water, a little sugar, and lots of lemons. What do you…
Advertisement
Odds of winning Powerball jackpot
Updated: Thursday, 29 Nov 2012, 12:03 AM EST
Published : Wednesday, 28 Nov 2012, 6:32 PM EST
TERRE HAUTE, Ind. (WTHI) - News 10 spoke to Indiana State University Professor of Economics to get the breakdown of what exactly your chances of winning the Powerball jackpot are.
Dr. Robert Guell says you have a one in 175 million chance of winning.
If you win, you can either take $18 million a year for the next 30 years or half up front.
If you take the cash, you're paying taxes.
Between the federal, state and county tax, you're keeping about 55 percent of your winnings.
So, Dr. Guell says if you start with a one in 175 million chance to get $150 million, you're at a net loss.
"The only thing that you're buying is the fantasy that you're going to win because 174,999,999 of you aren't," ISU Professor of Economics Dr. Robert Guell said.
If you still want to buy a ticket, you have until Wednesday at 9:45 p.m.
--------------------------------------------------------------------
Opinions that are derogatory, attack other users or are offensive in nature may be removed. WTHI is not responsible for the content posted in this comment section. We reserve the right to remove any offensive or off-topic remark or thread. To mark a comment for review by a moderator, click "Report Abuse."
Email This
Print This
View Story on a Single PageAdvertisement
Advertisement
Advertisement