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Risky business - Closeups
March 2013 Issue
When the Powerball lottery reached its peak in November 2012, the jackpot had rolled over for 16 consecutive weeks before two players, one each in Arizona and Missouri, picked the right numbers: 5, 16, 22, 23, 29 and Powerball 6. The odds of wining the top prize: 1 in 175,223,510. Still, the slightest possibility of winning was enough to draw out millions to bet $2 per ticket on the big prize. More than 560 million tickets, a record for the Powerball at that time, were sold in 44 states and the District of Columbia. For many, the tickets likely were a lark—a chance to daydream about the happiness riches could bring. For some, it could have been a first-time buy. Others spend a few dollars weekly on the chance for a payout. But for some, the weekly and bi-weekly games, local lotteries and scratch-off tickets are an irresistible lure, the idea of hitting the jackpot overriding rational thought and leading the …
Read full article at http://uga.edu/gm/ee/index.php?/single/2013/03/1786/.
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