It’s here one of the biggest lottery drawings in history. Tonight the Powerball drawing is at $600 million dollars and that number is expected to climb as the drawing time gets closer. Even Though the odds are ONLY 1 in 175 million you can’t win if you don’t play. The gas stations and convenience stores are reporting higher than usual numbers and in some states lines are gathering just to buy a ticket. Starting January 15 2012, the Powerball ticket prices increased to $2 per ticket thus making the pool much higher.
The Powerball drawing tonight is the second highest in history just behind the previous Mega Millions in March 2012 which was $656 million. With the amount of people playing there is a very high chance a winner will be decided. In the event there is no winner, the jackpot could increase to over $1 billion dollars. That would make it the biggest pay day in history.
Take a chance!
On a side note, the IRS really needs your money right now. Considering the scandals and shady practices (no surprise) they will be waiting for their fair share. The good news is that you won! The bad news is that you’re going to pay A LOT more than you would have paid just 1 year ago. The IRS is really sticking it to people whenever possible.
Here is some food for thought…. in the event you’re the big winner tonight and you take the lump sum of $376.9 million (spread out over 30 years), you’ll have to pay $149 million out of that to Uncle same. Soo…. $600 million is more like $225 million net. Congrats the IRS is the big winner here. Not complaining or anything but just pointing out the obvious….we’re all getting ripped off.
About Jeff Jacobs
Having lived in the Pacific Northwest his entire life, Jeff understands and delivers a different perspective about politics. Even though many may disagree with his language and writing style, you can't debate his passion for the Seattle area and his committment to a better society.
Bret Simpson, the owner of The Davy Crockett, will be sent to federal prison for 4 months (plus home detention time). He was sentenced and charged due to him abandoning an old beat up barge in the Columbia River. When Mr. Simpson got the 400 ft former Navy ship he figured he would just scrap it and walk off with a tidy sum of money. It is believed his company, Principle Metals LLC, made $88,000 just for the first haul of metal. Of course, it’s hard to provide an accurate number of metal as it would be easy to hide in my opinion. With that being said, it probably was much more. One thing we know for sure about the Federal Government is that if you’re hiding money, accept cash, or making it in a way that cannot be traced back then they get very angry. They don’t support issues in which they are not getting their cut such as marijuana or prostitution for example.
