While I have heard many of the statistics floating around that mention just how very slim the chances of winning are, I can't help but think that someone may win. For $2 it just seems a shame not to take the chance that someone could possibly be me (even if I do have a better chance of being elected president).
How can you not participate in the biggest lottery ever? It will be life changing for whoever wins. I bought a ticket last night at the grocery store and tucked it away in a safe place. Hey, the odds of winning is astronomical but you still have to be in it to win it and I am all in.
Why waste the money people ask? My response typically is because I want to play. I cannot win if I don't play. Yes, I know my odds of winning are slim to none. However, I have the freedom to spend my money on things that I enjoy. If you want to spend your money on alcohol or cigarettes, by all means, that is your choice. Please do not question or criticize mine.
I am playing powerball tonight. It's basically assured I won't win, but it was hard not to play. My office pooled together money and bought a bunch of tickets. The last thing you want to do is be the person who didn't join just in case lightning does happen to strike.
Tempting, though it may be, there are several good reasons not to play the lottery.
#1- The odds are just too great. You have a better chance of death by hot tap water or winning an Oscar than you do of winning the lottery.
#2- Lottery winners have been statistically proven to be generally unhappy. 65% of lottery winners end up bankrupt.
#3- Winning the lottery is a safety risk. Especially when people know that you've just won 1.4 billion dollars. A man in Florida was allegedly murdered by a woman who had been fleecing him for millions of dollars prior after winning the lottery. Winning money like that makes someone a target for all sorts of people looking to dip their hands in that cash. Crooks and opportunists alike.
#4- As the pot grows, so do the participants, which further decreases your chance at success.
#5- In addition to the approx. 40% you will need to pay in taxes, the IRS will also take an additional 20-25% because your proceeds game from "gambling." Your name my not have been on the IRS roster before, but it certainly will be after winning!
#6- A $2 lottery ticket can be put into a growth stock mutual fund, where the amount of return may not be as great, but the chances of return are near 100%, compared to the chances of return on a lottery ticket, which are .000000004%.
#7- My family would actually start calling me again...