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In reply to the discussion: A Thought on The Record Powerball Jackpot ... [View all]A HERETIC I AM
(24,366 posts)36. It seems to me the ticket price increase covers 2 things
First, they raised the starting minimum from $20 mil to $40 mil.
Second, they guarantee that that each rollover will increase by a minimum of $10 million, up from the previous 5 mil.
When they made those changes, they also dropped 4 of the powerball numbers (36 thru 39) thus lowering the overall odds of winning from 195 million to one to 175 million to one.
The $2 price serves to facilitate those newer, higher guarantees.
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You don't think that running the largest, most profitable company deserves a high compensation?
TrueBlueinCO
Nov 2012
#1
Technically, Apple's shareholders 'own' it and elect a Board of Directors to
coalition_unwilling
Nov 2012
#4
You deserve to earn what you do. You started a small business and you provide the direction...
RagAss
Nov 2012
#43
$550 million was the annuitized, and it went up to $587.5 million before the drawing.
RomneyLies
Nov 2012
#6
I tried to find an annuity calculator online to give you a definitive answer...
A HERETIC I AM
Nov 2012
#30
He is responsible for duping a bunch of 'hipster dufuses' (the character of Elaine on Seinfeld
coalition_unwilling
Nov 2012
#8
Full disclosure: I've discovered that the various mutual funds in my IRA
coalition_unwilling
Nov 2012
#10