How Far Is Fontana Speedway? [Expert Review!]

It’s a question that keeps coming up whenever there is a Florida Powerball jackpot — how far should I go to win this huge prize? Let’s break down the numbers and figure out how much you need to put down to have a chance at winning.

How Much Does The Jackpot Cost?

“The jackpot is the biggest prize in the game,” Tim Bradbury, executive director of the Florida State Lottery, told us. “It started at $50,000 in 2004 and has increased every year. Now, we’re up to $75 million, which is the highest jackpot in the history of the game.”

This means that if you win the Powerball jackpot, it will cost you about $20,000 just to be able to collect your prize. (You won’t have to pay sales tax, either.)

This assumes you keep all of it. If you decide to share your win with others (which, morally speaking, you shouldn’t have to do), the cost will go up.

How Big Is The Prize Worth?

The exact amount of the Powerball jackpot will be revealed after the 44th drawing on October 19, but it is generally accepted that the pot is currently worth approximately $75 million.

It’s difficult to put into context how much money this is. To give you a better understanding, here are some other famous prizes and the amount of money they are worth today:

  • Arnold Palmer’s $6 million winning streak on the Palmer Casino – worth $6 million today
  • The Bettie Lott $100,000 prize for matching 5 blackjack cards – worth $100,000 today
  • The Barbara H. $5,000,000 Powerball – worth $5 million today
  • Barbara H.’s $50,000,000 Powerball – worth $50 million today
  • The Europa Casino Resort $32 million winning progressive slot machine jackpot – worth $32 million today
  • The Grand Prix $7.5 million jackpot – worth $7.5 million today
  • “Payback” $5 million jackpot winner – worth $5 million today
  • The Palm Beach Mansion $16.5 million jackpot – worth $16.5 million today
  • Pelican Grand Hotel and Casino $12 million jackpot winner – worth $12 million today
  • The Platinum Play $15 million jackpot – worth $15 million today
  • The Pocahontas $64 million jackpot – worth $64 million today
  • Pelican Grand Hotel and Casino’s $6 million jackpot – worth $6 million today
  • Red Fox Casino $11 million jackpot – worth $11 million today
  • The Ritz-Carlton $15 million jackpot – worth $15 million today
  • Siberia Casino’s $11.5 million jackpot – worth $11.5 million today
  • The Silver State Resort and Casino $12 million jackpot – worth $12 million today
  • Thrifty Pigzelle’s $14 million jackpot – worth $14 million today
  • UFO Casino’s $55 million jackpot – worth $55 million today
  • Wynn Casino’s $9.5 million jackpot – worth $9.5 million today

In short, winning the Powerball jackpot will cost you an awful lot of money. And no, we aren’t including your travel costs to and from Florida. That’s on you. (But, let’s be honest — that’s a no-brainer.)

How Many Times Will You Draw?

The Powerball Jackpot will be awarded to the person who has won the biggest prize in the game for the 44th time. (The numbers have to end in 44 because that is when they will be drawn again.)

The odds of you winning the Powerball jackpot are 1 in 175 million. (1 in 175 million = the odds of winning the Powerball jackpot.)

Again, this all assumes you keep all of it. If you decide to share your winnings with others (which, morally speaking, you shouldn’t have to do), the cost will go up.

What Is Your Chance Of Winning The Jackpot?

Your chance of winning the Powerball jackpot is 1 in 175 million. (1 in 175 million = your chance of winning the jackpot.)

What does that mean for you? It means that if you play the Powerball Lottery 35 times, you will have a better chance of winning the jackpot than if you had only played once.

But it’s not just about the odds. It’s about how you play the game. The more you play, the better your chances. (There’s that word ‘better’ again!)

Will You Be Happy If You Win?

Let’s assume, for the sake of argument, that you did win the Powerball jackpot. (Which, remember, you shouldn’t have to do to begin with.)

What would you do with $20,000? Would you be happy? Absolutely. (Most people would be thrilled to win such a large sum of money. It would allow them to take a huge vacation or pay off some debts. (Or both.))

On the other hand, if you lost $20,000 on a single play, you would undoubtedly be upset.

The key to this question is whether or not you want to win the jackpot. If you do, you should put down as much as you can. Even if you only play once, it will be worth it. (And you might even feel better about winning because it’s such a large sum of money.)

On the other hand, if you don’t want to win the jackpot, then it’s better to play it safe and put down as little as you can. Sure, you might hit a big jackpot night and feel great about it. But then what? You’ll have to play the lottery every week just to keep up with your bills. (Unless you’re planning to win the $20,000 jackpot twice.)

The Bottom Line

There are so many variables in this question that it’s really difficult to come up with a correct answer. (It would be great if we could.) But, as a general rule of thumb, you should play it safe and put down as little as you can. (It’s a good idea to play as often as you can, too. The more you play, the better your chances of winning. And, again, if you decide to share your winnings with others, the cost will go up. (This is true whether or not you win the jackpot. So don’t do it if you don’t have to.)

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