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Crazy Money

By: Don Ward
By: Don Ward

What would you do with $250 million. First, try to figure out just how much that is.

HOW CAN YOU SPEND THAT MUCH MONEY?  WOULDN'T IT BE FUN TO TRY?

The Powerball Jackpot is worth a quarter of a Billion dollars.   250 Million.  That's more than most rich people will ever have.  Someone's going to have it soon, or split it with some other very lucky Powerball players.

This is all according to the Colorado Lottery office.  The P.R. people there say you could stretch your $250 million pretty far. 

* It would buy 833,000 top-of-the-line iPhones.  (or you could just buy one, and pay someone to use it for you.) 

 *It would buy 156 Lamborghini Reventions, the most expensive Lamborghini ever built.

* You could pick up 38 homes in the ritziest neighborhood in Aspen.

* if you spent one dollar every second, it would take nearly 8 years to spend $250 million.   (maybe only 4 years if you spent it in Aspen)( I added that part, the lottery office didn't say it.)

* If the jackpot were laid out in end-to-end dollar bills it would stretch across the U.S seven times.

WOW!

If you win, spend a bunch of that money on the best team of lawyers and accountants you can find so you don't end up as one of those lottery winners who lost it all. 

Here's the down side. The odds of winning the jackpot, one in 195,249,054.  Remember the good old days a few years back, before they added more numbers to the mix, when the odds were only about 141,000,000 to one? 

As a math professor in Cincinnati once told me when I interviewed him for a Powerball story...."I have NO better chance of winning if I buy a ticket, than I'd have if I didn't buy a ticket."  That was his philosophical evaluation, not his mathematical one.  Of course you have a better chance of winning if you buy a ticket.  Someone's ticket will win eventually.

Consider this.  At least a dozen people get hit by lightning every year in Colorado, yet no one in our state has EVER won the Powerball jackpot.  You do the math.

Here's the bottom line about the bottom line.  The cash value of that $250 million dollar jackpot is a mere $124.8 million.   So I guess your dollar bills would only stretch across the U.S.  three and a half times.  Still a decent pay day, still enough to call in RICH to work.

"Don won't be in today, he's got an acute case of wealthy."

Oh yeah, if nobody wins tonight...the jackpot is $300 million.

Good Luck

We'll talk again soon.

Don

 

 

 

 

 

 

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