This is what I don't understand:
It's now $125 million for Saturday (12/14). Cash value is @ $67.5 million.
OK, so the jackpot is for $125 million. The winner (assuming there is only one) will receives this $125 million in yearly installments over a 20 or 25 year period (if I remember correctly).
But they say the cash value is $67.5 million.
This leaves a difference of 57.5 million. How do they pay you that 57.5 million? In empty soft drink bottles, or maybe bottle tops?
That is a total rip for a start. I win $125 million, I want the whole fricking lot right there and then.
This payout over a period of time is also a gip. You win $125 million, but only get a few million in the first year. The rest of your $125 million is sitting in lottery accounts, earning a shitload of interest. They are making a shitload of money from YOUR money.
On 19th December we have a Powerball jackpot of AU$15 million (over US$7.5 million). The winner of that draw will receive a cheque fo $15 million as soon as the draw and their winning ticket is verified.
When you work it out over the period of the payout of the US powerball jackpot, you wouldn't be much worse off winning the smaller Australian powerball jackpot; compound interest and all that.
Whilst I wouldn't say no to even a million buck (you would have to be farking crazy to do so), you Yankees should be pissed at getting totally ripped with your crazy lottery system over there.