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The 8 members of the Smith family from Trenton, NJ agreed to split the money equally among them and focus on "community and family" with their winnings. Latest Sports Slideshows Photos View Blue Jays and Rangers throw punches during game The largest doping scandals in sports history Sponsored Special to Yahoo! Americans are hoping to get their hands on the biggest jackpot in United States history after the Powerball lottery climbed to a whopping $700million.
Previous research only studied the headstand position and its effect on eye pressure in glaucoma patients. The largest ever United States lottery jackpot payout was in March 2012, when $656 million was won in a Mega Millions draw. SACRAMENTO (AP) — The record-breaking $800 million Powerball jackpot is the stuff of dreams, but it all boils down to math.
For those who match all five white balls and the red Powerball, the key numbers are the $700 million jackpot, paid out over 30 years or as an immediate $428.4 million in cash. No one has won the Powerball jackpot since early November, which is why the prize has grown so large. Your odds increase with additional tickets, but it’s important to keep in mind how small they are to begin with.
If you have extra cash and are thinking of buying all possible number combinations, that is allowed, but it wouldn’t be very smart.

For those who want to invest the money themselves, Mitchell suggested setting aside part of the cash option to buy their own annuity that would give them a guaranteed income in case the return on the money they do invest comes up short.
Holmes intends to use the money to buy her mom a home, a secure a financial future for her children and to make charitable donations, the lottery said. The numbers were drawn late Saturday for the Powerball, and the jackpot is up to $415 million. Even after the participants returned to seated positions IOP still remained slightly elevated.
From the huge prize to the enormous odds against winning it, Saturday night’s drawing is a numbers game that gives players good reason to brush up on their algebra, maybe as they stand in line to buy a ticket. Those figures are before federal and state taxes, which will eat up roughly half of the cash-option prize. To put that in perspective, the odds of hitting the jackpot are about the same as your odds of flipping a quarter and getting heads 28 times in a row, said Jeffrey Miecznikowski, associate professor of biostatistics at the University at Buffalo.
Norris, an assistant professor of mathematics at Southern Methodist University, said there’s no trick to playing the lottery, but your tiny odds of winning are a bit better if you let the computer pick rather than choosing yourself.
If you have a 1 in 292.2 million chance of winning with one ticket, you have 10 times the odds if you buy 10 tickets.
At $2 a ticket, the strategy would cost about $584 million, and when taxes are subtracted, you’d end up losing money.

Mitchell, a professor of insurance and risk management at the Wharton School at the University of Pennsylvania, said to avoid the risk of overspending or an investment mishap, a safe option would be to take the annuity, guaranteeing a huge annual payout for three decades.
Lottery officials say it's the largest jackpot ever!Those who dream of winning the lottery are up against enormous odds. The increased ticket sales also make it more likely there will be a winner, simply because all those extra tickets mean more number combinations are covered. That’s because when people use birthdates or other favorite figures, they generally choose numbers 31 or below. She decided to take the lump sum payment, which means she will take home $87.9 million after taxes, the North Carolina Education Lottery said in a statement. Based on a $700 million jackpot, if one person wins the entire grand prize, they will have to choose between a 30-year annuity or a one-time lump-sum payment.

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