How Much Should You Spend On Powerball Tickets?

You have undoubtedly heard the Powerball Lottery jackpot is over $1.5 billion and you are wondering how many tickets you should buy. If you need to resort to a sign like this one, you have already spent too much. It only takes two dollars to win it all. 

Every time you turn around, the world record Powerball jackpot has grown another 100 million dollars. At this writing, it has grown to 1.5 Billion dollars. That is a one and a five followed by eight zeros. The cash payout before taxes is over 900 million dollars.

I have read about Lottery pools for the last drawing that totaled over $1200, and still no one has won. Wouldn't it be great if people would collect money like that and donate it to their child's teacher? Imagine what a teacher could do if they had $1200 to spend on things that would make learning better and easier.

I have bought 3 tickets, and that is my limit. My chances do not improve if I spend more, because I begin to harm my financial status if I try to spend a bunch of money with little chance of a return. Go out and buy a ticket, have fun dreaming about all the things you could do, but don't spend the food or rent money with the hopes that you are the only winner.

I would spend the winnings on a helicopter (I love to fly), a late model dirt-track stock car, a racetrack for the car (the one in Olathe is for sale) and lots of land in the mountains. My realistic plans are to be on the radio every afternoon, just like I have always done.

Remember to listen to Keyes and Riley in the morning to help them pick out the KEKB Billion Dollar Ticket. Everyone who picks a number gets a share of the winnings. But don't quit your day job just yet.