Now that Powerball is at $500 million, there is a frenzy to buy tickets. There was not when it was $250 million.
Question: What could anyone do with $500 million before taxes that he could not do with $250 million before taxes? The person with so little knowledge of statistics that he buys a lottery ticket cannot answer this logically.
There are manias that affect lots of people under certain conditions. It reveals a pathetic weakness. The mania of crowds never turns out well for the vast majority of those afflicted by it.
Powerball is a multi-jurisdiction nonprofit lottery run for the benefit of 33 political jurisdictions.
My view: trust a bookie before you trust a politician. The odds are better. Also, he is more likely to pay off if he loses the bet.