Powerball’s massive jackpot will rollover and increase after Saturday’s drawing produced no winning tickets, according to the game’s website.

The $1.4-billion jackpot now grows to $1.55 billion but remains the third-largest in Powerball’s history (the second largest was $1.586 billion in 2016).

The last time someone won the Powerball jackpot after the July 19 drawing for the $1.08 billion pot. The winning ticket then was sold in California.

  • Flying Squid@lemmy.world
    link
    fedilink
    arrow-up
    36
    arrow-down
    3
    ·
    1 year ago

    Imagine if everyone just decided they were tired of this lottery bullshit and collectively refused to play…

    • rockSlayer@lemmy.world
      link
      fedilink
      arrow-up
      35
      arrow-down
      1
      ·
      1 year ago

      Personally I’d be far more interested in the lottery if we lived in a post scarcity society, where people’s needs are guaranteed to be met instead of the poorest people desperately trying to get out of poverty

      • NewNewAccount@lemmy.world
        link
        fedilink
        arrow-up
        21
        ·
        1 year ago

        I used to think of the lottery as a tax on idiots but I’ve since come to realize it’s a tax on the desperate.

        • PR3CiSiON@lemmy.world
          link
          fedilink
          arrow-up
          4
          ·
          1 year ago

          I play, and I’m not desperate (and hopefully not an idiot either). Here is my reasoning, but I’m open to ideas from people who may think differently. First, obviously, playing is losing money, just like scratch-offs. However, a winning scratch-off is not life changing money, it’s likely just making back some of the money you spent or will spend. A Powerball jackpot will allow you to actually have influence in the world. If you are someone who wins and decides to mooch off society just buying yachts and hookers and blow for the rest of your life, then it’s just wasted. But the amount of change in the world by building something that betters humanity would actually be accomplishable.

  • Ghoti_@lemmy.world
    link
    fedilink
    English
    arrow-up
    30
    arrow-down
    1
    ·
    1 year ago

    Maybe an unpopular opinion, but I find the lottery fun in moderation, but I only spend like $50 on lottery tickets a year so I’m not exactly the target audience anyway.

    • PlatinumSf@pawb.social
      link
      fedilink
      English
      arrow-up
      25
      arrow-down
      3
      ·
      1 year ago

      The lottery is by and far an excessive tax on the poor. That’s my only problem with it.

      • SCB@lemmy.world
        link
        fedilink
        arrow-up
        18
        arrow-down
        1
        ·
        1 year ago

        Generally the big culprit there is the scratch-off stuff you see at gas stations.

        Powerball, due to the delays in reward processing, is not as “addictive” as scratch-off/peel-off gambling.

        • PlatinumSf@pawb.social
          link
          fedilink
          English
          arrow-up
          4
          arrow-down
          1
          ·
          1 year ago

          True, but I just don’t think we should incentivize funding amazing programs with money sources primarily funded by the underprivileged day dreaming of a better life. It just seems sad.

            • PlatinumSf@pawb.social
              link
              fedilink
              English
              arrow-up
              4
              ·
              1 year ago

              Unfortunately for your world views, no. I’m 28 and able to engage in empathy for the plight of my fellow man. Sad you’ve gotten that used to callous realities.

      • radix@lemmy.world
        link
        fedilink
        English
        arrow-up
        23
        arrow-down
        2
        ·
        1 year ago

        Few people bat an eye at spending $40 for two tickets and food to a movie for two hours. If $20 gets someone a few hours of escapism and dreaming, it’s not that big of a deal. But like any other entertainment, spending that much every day is probably not good, and certainly not if it’s done only as an investment.

        • ImFresh3x@sh.itjust.works
          link
          fedilink
          arrow-up
          4
          ·
          1 year ago

          I have a bought a few of these billion dollar tickets for fun. And ya I think about how I’d divide the money up etc. but the thing that always makes me hope I don’t win is the reality that once you realize you’ve won, you’re never going to be able to be alone again. You have to have a security team with you at all times if you’re a billionaire. I’d rather just be me tbh.

        • HeyJoe@lemmy.world
          link
          fedilink
          arrow-up
          4
          ·
          1 year ago

          I am that person who doesn’t mind $20 when it gets around 1 billion. The problem lately is I used to enjoy it more when it was $10 for 10 tickets and 2nd it really is taking a long time for anyone to win which is turning into a problem now… I am considering either dropping down to $10 or upping my starting time to 1.5 billion since it really seems to be getting pretty high quicker these days as well. This next drawing will make it $60 now in 1 week and I am not ok with it anymore.

    • chaogomu@kbin.social
      link
      fedilink
      arrow-up
      38
      ·
      1 year ago

      Yup, all so that they could regularly have these massive jackpots, because a huge jackpot drives more sales of losing tickets.

      • PorkSoda@lemmy.world
        link
        fedilink
        arrow-up
        13
        ·
        1 year ago

        That makes so much sense. I swear I remember a massive jackpot being a once every 1-2 year event. Now it’s every 1-2 months.

        And it works. I played during the last huge jackpot craze. I even thought to myself that I swore there weren’t this many numbers.

    • SuperDuper@lemmy.world
      link
      fedilink
      arrow-up
      13
      arrow-down
      4
      ·
      1 year ago

      Not really, they added an extra number to the lottery so that people would be even less likely to win, which leads to larger jackpot numbers. It’s a marketing ploy meant to trick more people into paying the stupid tax.

    • bedo6776@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      Depends on the state. My state puts 40% of the funds into protecting the environment and the rest goes into the state’s general fund.

        • kick_out_the_jams@kbin.social
          link
          fedilink
          arrow-up
          8
          arrow-down
          5
          ·
          1 year ago

          Except he mentioned the chance part.

          It’s called a lottery, I think it’s generally understood that not everybody wins.

      • bss03@infosec.pub
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year ago

        Expected return calculation https://en.wikipedia.org/wiki/Expected_return there are likely better “bets” you can make. On top of that, even if the expected return is good, you have to take into account the Kelly Criterion https://en.wikipedia.org/wiki/Kelly_criterion which limits how much of your bankroll you want to spend on a longshot, and if that’s less than the cost of a single ticket, buying tickets is more likely to bankrupt you than for you to win.

        https://quantwolf.com/doc/powerball/powerball.html

      • Pat_Riot@lemmy.today
        link
        fedilink
        arrow-up
        3
        arrow-down
        5
        ·
        1 year ago

        After taxes you’d still come out less than a billionaire. But if a measley rich as fuck is good enough… He’ll I’ll probably kick a couple of bucks into the pot for the next drawing.

        • PlatinumSf@pawb.social
          link
          fedilink
          English
          arrow-up
          3
          arrow-down
          1
          ·
          1 year ago

          They’re referring to how the lottery is a tax on poor people. The states/etc use large portions of funding from it to do good things, but it shouldn’t be a revenue stream for states because a majority of participants live at or below the US poverty line.

          • Pat_Riot@lemmy.today
            link
            fedilink
            arrow-up
            4
            arrow-down
            1
            ·
            1 year ago

            It is not a tax. Taxes are not voluntary.If you are old enough to buy a ticket you are old enough to judge the risk of buying in. That responsibility lies solely on the participant. And right or wrong it’s the biggest blessing schools in the South have ever seen. You can be mad, but don’t buy a ticket if you are.

            • PlatinumSf@pawb.social
              link
              fedilink
              English
              arrow-up
              2
              ·
              1 year ago

              I’m not mad, but you’re judging something that factually has potential to be addictive depending on the person, and that has been shown to be abusive to those in poverty (because again, that’s the main participants, people underprivileged day dreaming for a way out) as good just because it funds education and some otherwise very good things. We can run a lottery without incentivizing the funding to come from the underprivileged, and fund education, and should expect our government to do both.

        • ShunkW@lemmy.world
          link
          fedilink
          arrow-up
          15
          arrow-down
          3
          ·
          1 year ago

          I mean, if someone spends $2 once in a while for the fun and daydreaming, it’s not really an idiot tax. I’ll probably buy a single ticket.

          • SilentStorms@lemmy.ca
            link
            fedilink
            arrow-up
            5
            ·
            1 year ago

            For real. I buy a ticket occasionally just because it’s fun to think about what I’d do with the money for the few days before the draw. Worth the $2 in entertainment value. I’ll occasionally win $10 or something, which is a bonus. I fail to see the issue with people spending an inconsequential amount of money for funsies.

            It’s the people who spend hundreds on lottery tickets that are the problem. Even then, people with gambling problems aren’t idiots, they’re desperate people who are being taken advantage of by the gaming industry.

              • SilentStorms@lemmy.ca
                link
                fedilink
                arrow-up
                2
                ·
                1 year ago

                You’re not wrong. There’s serious issues with the gambling industry that need to be dealt with, as well as outside social problems driving people to it.

                That doesn’t mean the whole concept of a lottery needs to be thrown out, or that anyone who participates is an idiot.

                • ubermeisters@lemmy.world
                  link
                  fedilink
                  arrow-up
                  1
                  arrow-down
                  10
                  ·
                  edit-2
                  1 year ago

                  And I wholeheartedly disagree, which is my right as a unique individual with my own opinions.

                  Edit: cope harder, downvoters.

          • ubermeisters@lemmy.world
            link
            fedilink
            arrow-up
            5
            arrow-down
            6
            ·
            edit-2
            1 year ago

            I completely agree.

            But most lotto ticket purchasers aren’t just buying them “here and there”.

            Try working a job that sells lotto tickets, then you’ll understand. It’s fucking sad as hell. More people than you would ever assume are pinning thier entire hopes and dreams on making it big without doing anything to earn it, while throwing away the present completely, along with any real chance of being content within thier means.

          • reallynotnick@lemmy.world
            link
            fedilink
            English
            arrow-up
            15
            arrow-down
            1
            ·
            1 year ago

            When someone calls it an idiot tax they mean the actual $2 tickets themselves, not the winnings.

          • capital@lemmy.world
            link
            fedilink
            arrow-up
            14
            arrow-down
            2
            ·
            1 year ago

            “Idiot tax” doesn’t refer to the taxes taken from lotto winnings.

            It refers to the money wasted on the minute chance of winning. So minute that only stupid people pay it. Stupid tax.

    • grayman@lemmy.world
      link
      fedilink
      arrow-up
      4
      arrow-down
      4
      ·
      1 year ago

      Everyone that skipped the half lesson on probability given in public high school.

      • ubermeisters@lemmy.world
        link
        fedilink
        arrow-up
        5
        arrow-down
        2
        ·
        1 year ago

        I like how you’ve chosen to denigrate both the losers who are purchasing it, and the education system at the same time. I can’t speak for anyone else but I certainly got enough statistics in high school to know full well… your statement implies you did too so where is this Rarity you speak of if both of us have gotten it?

          • ubermeisters@lemmy.world
            link
            fedilink
            arrow-up
            5
            arrow-down
            3
            ·
            edit-2
            1 year ago

            Yes I get that you drew a silky thin line between choice and availability, my point is the premise of your argument is invalid. Everybody knows you’ve got very little chance of winning the lottery with or without a high school statistics class…

            Smart guy