In 48 hours it jumped $5 million. And over a holiday weekend no less! I guess Easter isn't for everyone and even for those that do celebrate it, it is just one day, but I was still shocked at the jump.
Honestly, I don't completely understand how the economy works, but I can't imagine that the lotto really does much to help with the recession - there is no real investment going on but then again I am clueless about this. (If I am wrong please let me know, I'd really like to learn) But my thought was simple; how about if people quit with the powerball tickets and take that money and use it to help turn around this shitty situation. It isn't a very helpful thought as I don't know what else an individual is going to do with $5 -- which is why I need some help with this one.
5 million dollars.
48 hours.
Crazy man.
NC, SC, GA and I think even TN all have Powerball set up a little bit different. When someone wins, 30 - 50% of the "winnings" is taken as a form of tax which then is used to fund scholarships for students who attend in state schools. These scholarships are known as "Lottery Scholarships," which I originally thought meant that the recipients were selected at random. Go figure!
ReplyDeleteThat's my Higher Ed nerd moment.