It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
$65 Billion Dollars in Lottery tickets sold for the chance to "win" $550 Million
Originally posted by PaperbackWriter
I found this article detailing how that sum of money breaks down.
Good grief perhaps we should have a lottery to fund the government's shortfall.
A billion dollar top prize, all states eligible for a US Governmenty Lotto!
Just imagine all this money being taken out of the economy week after week of unproductivity.
It's really quite pathetic.
And no, I haven't bought a looto ticket.
Mainly because I don't go to sleep at night dreaming about how I would spend some imaginary
$550 million dollars. I don't want or need that kind of money to be happy.
I have still been trying to work out a loop hole, but I realize, when there is money to be made.
For every dollar spent on a ticket, 30 cents of that goes towards Michigan’s education fund. The rest goes to pay for prizes, commissions, and vendors. This year alone, lottery sales generated $770 million in revenue for Michigan education. Since 1972, The Michigan Lottery has contributed over $17 billion to the fund. So even if you’re not a winner, your state gets some of the cash. Wednesday’s Powerball drawing is at 10:59 p.m.
Originally posted by TheOneElectric
When is the drawing?