Is a Ticket for the US Powerball Draw a Worthy Investment?

If you’ve been anywhere near any source of news in the last couple of days, you’ll know all about the massive US Powerball draw that boasts a whopping $1.5 billion jackpot.

That kind of money makes our $50 million draws look like the chump change buried in the centre console of your car.

So what, right? The draw has nothing to do with us so why the hell are you bringing it up?

Well, online gaming company Lottoland has been granted a license that allows us ‘Strayan folk to get in the action for $US14 a ticket.

To me, Lottoland sounds like a crowded theme park, jam packed with the ultimate in fun and entertainment. Everyone is allowed to pay admission, but only one person is permitted to have fun while the rest of us are made to watch. Such cruelty.

“Fun”

Think you have the absurd amount of luck required to take home the big prize? I can answer that for you – it’s no.

The odds of winning the jackpot are 1 in 292,201,338. You actually have better odds of being killed by a washing machine.

It will EAT you.

If you’re interested in more riveting statistics around the draw, check out this Business Insider article complete with graphs and big words. In short, it’s saying that you have no chance in hell.

And even if you do win, US lottery winnings are subject to income tax at 38%, meaning you’ll only take home $930 million. Bummer, right?

It is, however, unclear if the same taxes would apply if someone in Australia were to strike it lucky. One things for sure though, the Milkybar’s would be on them.