How Mega Millions And Powerball Jackpots Grew So Large
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- Опубліковано 31 тра 2019
- While Mega Millions and Powerball jackpots have grown in recent years, America's lottery system goes back a long time. Lotteries in colonial times helped finance some of America's roads, bridges, and schools like Harvard and Yale. Today, state-sponsored lotteries contribute millions state budgets, but some critics question how effective they actually are.
In October, an anonymous woman in South Carolina won the $1.6 billion Mega Millions jackpot. Jackpots have been on the rise since the two major lottery organizations, Mega Millions and Powerball, struck a deal to cross-sell tickets in each others' member states in 2010.
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How Mega Millions And Powerball Jackpots Grew So Large
Them: You can't win if you don't play.
Me: You can't lose if you don't play either.
*win.
@@2011blueman *eggo.
@@lakersin556 *pun, i.e. play on words.
@@2011blueman I got the pun of your name, unlike that *dolt.
@@Joshua79C Glad you got it, KingCo Anderson likely didn't know the word.
And now we understand why gambling is illegal or tightly regulated. It has nothing to do with protecting the public. It is about protecting the state monopoly
You mean the states and federal government are hypocrites! Noooooooooo.
It's why Sheldon Adelson is a huge moralist when it comes to online gambling, but makes literally millions of dollars a day from his casinos.
Big business loves regulations. It cuts out the smaller competitors. The EPA was created by Nixon, oil companies were his biggest campaign contributors, Obama signed "financial reform" even though Goldman Sachs was his biggest campaign contributor. Bill Clinton was behind the massive prison privatization of the 90s, and it's not a coincidence his party is also the party of trying to make every little thing a crime. Ban this ban that. And big pharma and insurance made a fortune off Obamacare, all at taxpayer's expense. The irony of all these idiots who think regulation helps the average person is that free markets help the average person, there's a reason most wealthy people are Democrats and hate Trump.
When the mob ran number games back in the day the States called it illegal , only to run their own number games with much much worse odds
@@jcman240 🎯 💯 **FacTS.!!!!* 😠
did they just tell me the pay outs go to fund gambling addiction programs? Is that not the most ironic sentence of all time
This whole video seems like an ad. Ads are getting more and more clever. Instead of interrupting your regular content they want to be your regular content.
Its standard operating procedure here in the US. Cigarette taxes go toward anti-smoking treatment programs here as well...
If not it’s up there.
No, the most ironic sentence of all time is "Lotteries fund education." If that were true, then lotteries wouldn't have enough money to operate. The lottery is a tax on people who can't do math.
@@angolin9352 you can't hate lottery for it though. It's the dumb people buying relentless amount of tickets and ending up broke.
Raised it from $1 to $2 but making the odds lower. There.
@Brian Waller
meh... i don't normally gamble but if it goes up to three quarters of a billion i buy one... granted I see people throwing 20-30 or more at a time on tickets and it kinda makes me sad
two dollars a year for "ahh screw it why not" versus people who pay 15-20 a week on tickets -_-
You could be in Canada, they raised it from $2 dollars to $5 dollars and add more numbers and made the odds worse and then they rigged it so only three Province's win but people still buy tickets! It's a joke don't bother buying tickets in Canada unless you are a dual citizen and you vote for the liberal government, and you live in Ontario, Quebec or B.C. they are the only province's that win. Our brain dead leader gave $500 million dollars to the lottery corporation to bail them out so he could basically buy more votes at election time. But when our football league asked for a $30 million dollar loan he turned them down. So know he is putting all these football players out of work and are not going to be paid. Great leader we have her is trying to buy votes but then turns around and screws the nation. I think it's time we get rid of him and vote someone else in
#2017 they did that. Which really sent players to #scratchoffs .. pretty soon illegal gambling will make a return.
@@robreber9355 Wow so the price of a ticket went up? I had considered buying a #lottomax when I travel 🧳 to Canada. 5.00?? Pricey... I will buy a scratcher
@@robreber9355 They don’t have raffle game lotteries? Like the type that always have winners?
Most people don't realize that when they buy lottery tickets, it's their money that goes into the lottery pool. Not the government's money. But somehow Uncle Sam gets 40% of the winnings.
Sam don't play
The government never loses in the end. They always get “their” money
OH STOP WHINING...NOBODY IS FORCING YOU TO PLAY!!!
Haha
I would think EVERYONE realizes that, since that's what a lottery is. Only a moron would think it's the government's money and not the ticket purchases that fund the prize pool.
Adam Carolla calls the lottery "poor people tax."
Stupid people tax...
Only because the lower income people are praying to win by playing. The higher income people are smart enough to know it’s not in your favor.
@@DontStopTheWeekend Not so much "stupid" people. The lottery is truly an insidious scam, as it taps in to that element of hope that people have. The human will cannot always be strong and I think it's truly wrong when any individual or corporation takes advantage of its weaknesses
My brother says they finally figured out how to tax stupidity.
This is true I work at a liquor store and we sell lottery. Rich people play sometimes but the poor people play way more. They would rather buy 20 bucks in lottery than 20 bucks in food lol. I feel bad for selling them false hope but its their money not mine.
I used to be an avid Powerball player I would play every drawing, but the biggest win I ever had was when I decided I don't want to waste my money anymore on lottery tickets and started investing my money instead of gambling it. I never threw away a ton of money at once, but I played for like 5 years almost every draw that adds up over time. Now my Vanguard account is growing from my contributions and compound interest rather than throwing it away in the form of lotto tickets.
The only one worth playing is the pick3/cash3 50c a play and if you win take that 40-500 and do some shopping
I play every now and then. I once got three and the powerball, that's when I was like well it is possible to get lucky lol
What you are paying to play! Gambling is a game and not for investing and plus even if you played both the PB and MM games every drawing for 5 years it only cost you 2,400$. You likely paid more for internet access over that same period if time wtf!
Bring back the smaller, more frequent jackpots!
How does it work
State lottos exist
Because it's America's dream and American love to dream
Zenn Lozanno they call it a dream because you have to be asleep to believe it
Everyone loves to dream
@@GG1783 yep
Dreaming has nothing to do with being "American", Everyone on the entire planet dreams, including animals.
Dreaming is what makes life tolerable my friend - Cheers *Beer
11:40 reason why not to play the lottery? “This could be your ticket out”
Your ticket out has been and will always be you!
That sounds very nice, but it's like that joke by Jimmy Kimmel, "Conan O'Brien showed that if you work really hard and do the right thing, you can get whatever you want. Unless Jay Leno wants it, too."
@@davidhill2020 Conan likes to overlook the fact that the Tonight show had abysmal ratings under his leadership. He is still a multi millionaire.
"How the scam keeps growing"
Yes, it is a scam where local states steal a major part of it. In addition high taxes.
For regular citizen such scam would be punishable by long term prison.
The states are criminals.
Definitely not a scam. Everyone knows it's a long shot. There's nothing deceptive or illegal about it.
Dana Rivera it’s not a scam literally everyone is aware it’s a long shot that’s the whole point
It's a stupid tax
The only scam is the way the money is double taxed. In the UK lottery winnings aren’t taxed....because the money used to buy the tickets has already been taxed as income tax, sales tax etc. So, If you ever win a lottery, open a church and collect the winnings in the church’s name to avoid paying tax. I’m going to open a church called ‘And You Will Know My Name Is The Lord’ ministries
Paying a dollar is worth dreaming of what you’d do with the money, even if it’s for a couple of seconds, it’s worth the little hope you get lol.
Man I wish the ticket was back to a dollar
Esto es unabil estafa juego por30 year y nunca gano madre
Hope value is worth alot more than a couple of dollars.
For the majority of Americans the lottery is their retirement plan.
That's exactely what I do. One $ bet.
The jackpot for both PB and MM start at $20M. PB said the jackpot would start at $40M and go up by a minimum of $10M and that's why they went from $1 to $2
That’s so crazy lotto fatigue. I’d rather more people get a few million instead of some people getting 100s of millions and then blowing it super fast. Imagine how awesome that would be if people were all just getting financially stable left and right
I get your point but its not balancing.
I am 55 years old with very little set aside for retirement at this point. I have always been curious about the stock market and have witnessed some people who played the game right and retired early because they used the stock market.
.
@@jaluriaja6294 Buy index funds if you wanna be safe, though you are probably be better off just going to Vanguard or something for that
@@jaluriaja6294 Even with the right technique and assets some investors would still make more than others, as an investor, you should've known that by now, nothing beats experience and that's final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I'm buying again
The Powerball company is also doing state lotteries and a guy working there got caught rigging the state level lotteries in several states and letting his brother win. They were later splitting the winnings. I don't trust any lottery.
True... I read about that
Really?
EDDIE TIPTON GOT CAUGHT RIGGING LOTTO.😀
@@efnan_55 He didn't rig it but noticed an error and took advantage of it. There are so many combinations it would be difficult to rig but they are a few practices in the house's favor vs the consumer, such as payouts odds, etc!
@@crawnyxx Is there truth in these lotteries? i.e. are the winners real ? 🤔🤔🤔
wait so the state get the taxs from the lotto, THEN the income tax from the winning!
..... thats double dipping
sounds fair.
Actually its the IRS that double taxes since they take the initial as security and the rest is a taxable income, as for states they only get taxes from the winner if you look up the articles about the recent Mega Million billion jackpot winner in South Carolina.
@@diamondwave100 In what way do corporations get taxed at a personal level? What does that even mean?
This program only focused on states that tax or doesn’t put all profits towards education like Florida does. Florida 100% lottery profits after expenses goes to education by law (a law that can’t be changed since its in the Florida constitution, voted in by voters.) Florida doesn’t have a personal income tax (it does have a business income tax). The Florida lottery is self funded so zero state dollars goes into funding its operation. All its employees benefits are paid by the lottery and not state funds. In Florida, all its financial is available freely due to the Florida in the Sunshine Act. An act that says it’s dealings are public record, even emails on lottery communications are public record (of course confidential information would be redacted).
It's no different than sales tax when you buy groceries. Your income gets taxed then your bread gets taxed.
Government: We are gonna outlaw gambling cuz is bad for you. This is for your own good.
Also government: please buy the lotto
😂
What I find truly bizarre about American lotteries, is if you win your face is plastered everywhere; you don't have the option of remaining anonymous. Because in Aotearoa, where I'm from, almost all lotto winners remain anonymous. On top of that, Powerball is limited to $50 million.
In TX you can claim with a LLC so you just need to create shell companies and lawyers to hide your identity
because Aotearoa is a much smaller country
@@deniz117 What does the size of my country have to do with lotto winners having the option to remain anonymous?
@@Ngamotu83maybe he referred to the 50million cap
@@desiretoexcel6078 um excuse me? its a she 🙄
CNBC is becoming the best youtube channel
It's ironic because there tv station is dead.
Dennis Pietrandrea their
Definitely! Even as a Non-American, I have the opportunity to learn a lot about the US through this channel.
Dennis Pietrandrea not really, the cable channel is a cash cow. These vids take actual effort which cnbc doesn't normally put in, but won't make much money at all
Ryad Derdar dude honestly! I been hooked on every video they’ve came out with lately. Very well explained and seemingly unbiased
But Flint ain’t got no water. How Sway
But you ain't got no edumacation
Nameless damn you got me on that, but I got more money than you. And are you talking about formal education or self education
@Eustace Hello! Billionaires. 68CamaroRS/SS
No capp
@68Camaro RS/SS well you better have some nice properties to accompany your huge ego & your ASS Camaro, I mean your SS Camaro
I still go by the slogan.
Somebody's gonna win, might as well be me😂
Anytime you play the extra $1.00 is when you don’t win the jackpot but you matched multiple numbers on the same row. It just takes $2 to win the jackpot
because they increased the odds to get higher jackpots to increase sales via hysteria.
Koroz also notice how they put giant electric billboards everywhere. Hoping to lure you in.
exactly. that’s why I play always the same no matter the jackpot amount
My dream coming true this year at Mega Million or Powerball 🙌🙌🙌🙌🙌
Me too bro
it isn't gonna hapen, invest in stocks or crypto coins intead
More likely to be struck by lightning but I get it I pick up a ticket here and there
me too
028853
Because it's a state backed gambling scheme
MrChet407 scheme??? You get what you paid for a chance
Scheme: a large-scale systematic plan or arrangement for attaining some particular object or putting a particular idea into effect. "the occupational sick pay scheme"
It's an arrangement for government funded gambling.
Why the hell would you defend the lottery anyway, the lottery is not good. The money is also put into a pot that can basically be used for whatever the state wants which the video not for schools or public services. Our brains aren't made to compute the the astronomical odds of winning because we've never experienced numbers so low giving a false sense of hope that is exploited.
@@blizzyyt2281 I'm giving you a scratcher for Christmas
Since they increased the numbers, I have rarely played either game. Before they did it, I could play them and at least get something back fairly often. Now it is almost impossible to hit anything on them, even a couple of dollars.
The lottery is voluntary.
It is not a tax therefore it cannot be a regressive tax.
Joel Spaulding guess you didn't watch
@@billypilgrim7838 absolutely did.
Regardless of how it was couched in the video- it isn't a tax. It is entertainment. No one is forced by the government to buy a lottery ticket.
One may attempt to draw parallels between lottery and a regressive tax for an example- still not a tax.
@@billypilgrim7838…there’s no such thing as a voluntary tax. Taxes by nature is required by law and consequences for not complying. No one’s putting you in jail to force you to buy those tickets
As the American dream is dying the only dream left is winning the lottery
Seriously
The American dream is alive and well my friend. It’s all about your life choices!
Fact
Find out what numbers have the highest probability of winning at here:- *4 W i n L o t t e r y . C o m*
In 2020, Powerball and Mega Millions minimum jackpot switching temporary to $20 million during the Coronavirus Pandemic.
Most of the lottery cash set aside for schools goes into a General Fund which can be used for anything the state wants , so they really shouldn't be claiming they're helping fund education.
This whole video seems like an ad. Ads are getting more and more clever. Instead of interrupting your regular content they want to be your regular content.
james berczynski just imagine Miami dade and the people who pay for the county.
Not true for all states and especially Florida. By law, Florida profits from the lottery after expenses goes to schools, all of it. Zero goes into general funds or other funds. What the school boards do with it after assigning what school gets it, is up to the school districts. This includes universities and colleges. Florida doesn’t have a personal income tax and lottery purchases are not sales taxed.
Hi
But they won’t legalize gambling ??? 🤦🏾♂️
gambling is more privatized so Uncle Sam doesn't benefit. The house (US government) always wins
Nick Cooper
Crime rates will skyrocket if it was..
Is it jus me or video girl speaking very very fast
Cuz Murica
Alan L Yeah living in Nevada where it’s legal we have daily shoot outs of people trading slot machines /s
I hope everyone who reads this has an incredible rest of 2019 & an awesome 2020 ❤
Wish you and your family the same 🤗🥂
@@newmove7068 🙏 Thank you 🙏
I came within inches of winning the $1.5B mega millions jackpot. I bought a single $2 ticket just as my store was closing at 10pm. I got home right after 11pm to a news notification on my lock screen: "buyer of single last-minute ticket in SC wins jackpot" that fit my criteria to the tee, but I was sad to see I hadn't won:(
Hey RANDOM SCROLLER, yes YOU
HAVE a great day, never forget how awesome you are and travel more in these beautiful world❤️🌍🎉🎉🗺️💜💕
(flips you off in pig latin)
@CNBC you guys make one of the most impressive and eye opening videos!
CNBC, great video! Enjoy your Saturday! 💯🙏🙌
Why aren't poor whites ever mentioned in surveys? Because that's all I see holding up the lines inside the convenient stores here lol 🤣🤣🤣
So you have sensors watching each ball. Then it picks a ball by random. Ok sounds legit.
Hugeeee scam
That buzzing noise from the phone on vibration mode 😂😂😂
Great lottery info. Thank you CNBC
This lottery system is a scam when your odds of winning are so impossible.This system greatly affects people who are really desperate such as low income or the poor.
Yeah, they must be bad at math
Not really you just have to be good with numbers. You have people who won multiple times.
I'm poor and desperate lol
At the same time what if poor wins jackpot 🤣🤣🤣
I know right
All or most of the money comes from the inner city and the winner usually resides in a small suburb community.
there's nothing wrong with playing the lottery isn't just when it becomes an addiction and you spend your money like crazy on it
litojonny I agree. I only play when it’s at least half a billion. Or close to it. And that’s usually with and left over cash I got laying around in my car lol.
seriously though I always have like $2 in change in my car which I am never gonna use because I don't carry loose change so when it gets that high it is just a flat who knows what might happen so I might as well.
Nothing but a big scam
This whole video seems like an ad. Ads are getting more and more clever. Instead of interrupting your regular content they want to be your regular content.
live life lol not me have never played it
With so much money involved. There is a scam in there somewhere. The ball as they tumbled are being scanned . For sure. The scan machine already has all selected ticket numbers. I don't know the scam but there has got to be one
life true but when they jacked the price to $2 per number combination for the mega million I pretty much dropped out
@@bobbrawley2612 There is always a SCAM or some form of deceit in anything that involves money. It is the American way. Every business does that.
Why do you think they stop you from buying tickets 30 minutes before the drawings. It is to scan all the numbers and come up with non winning combinations.
Interesting video. I'm really impressed by the content CNBC is putting out, really top quality.
The poorer American gets the faster the Jackpots Grew
Incomeking Rarely. And 2$ for them is nothing. A person making 7.50$/hour will buy the ticket, but spent a higher percentage of their income on lottery.
The lotto's new slogan - "Jackpots: Filled by Desperation!"
just play CNBC videos on your senior year of high school to become informed. awesome content guys.
Raylor my teacher did that that why I don’t play
10:37 this is the most insightful part of this video
Its basic mathematics. 300 million possible combinations says that if everyone in the U.S. bought a ticket there might be a winner.. The reason no one wins for 15 - 20 drawings is the odds are astronomical against you..
publsihers clearing house must be exempt from federal trade commission as well lmao
It should me mandatory that a broadcast be announced and not extensively but enough for players to be aware.
Just the American Dream. A ray of hope, just a ray.
Of course they would target low income groups. Who's more likely to purchase a ticket for a lottery, someone is already rich or someone who's like could change entirely because of the money?
I wish there was a TV show following lottery winners and their winnings
Interesting and informative.
I love the Trinidad Lottery. There are a total of 4 open numbers. It's fun to make numbers.It is a matter of luck whether or not to get the number.
Don't care what no one says i will win big some day!
Me too. Check back in with me when we win.
Me too I know. It
I think the lottery's fixed, personally.
Me too! The lottery has gotten greedy about their prizes so I quit wasting my money on the lottery. Instead I save whatever I used to spend, now I have more money for necessities. Why give the lottery any money at all because here in Kentucky, nobody ever wins the jackpot and if any one wins on scratch offs, it's in Louisville or Lexington not in poorer counties. The lottery knows exactly where the big prizes are on the scratch offs are located. If they didn't how could they tell the police how much was stolen from a gas station when it's robbed? They couldn't, but they do just that. They told the police that $1000 worth of winners were stolen in a Louisville robbery. The lottery is a scam!
It is
It's like Dave Ramsey says that the lottery is a tax on the poor.
The gaming addiction program can be short and effective if they just told an addict the truth," the draws are fixed". Done
Detroit alone spends 300 million a year on lottery tickets. So that's 100 million a year to the state' school system fund, but .....
Hoal mi amigo comoesta que dios tebediga de costa ruca
I grew up in a family home that gambled like this all the time and thought they would make it one day. Instead of honest work. It’s all good as they set a wonderful example for me. Thankfully, I saw how this never worked and learned otherwise.
In Guatemala you can become millionaire if you are owner of a lottery, because poor people rather buy lottery tickets instead of buy food
CES Same as the USA. ;)
The Beginning of wisdom!!!
Find out what numbers have the highest probability of winning at here:- *4 W i n L o t t e r y . C o m*
They collected 80 BILLION IN 2018 and only paid out 1.6 BILLION??? Now that's a great return on your investment.
Finally UA-cam’s recommendation timing is perfect for 2021 now at $750 mil!
These make people keep the mass dreaming through hardship by a promise "one day you will win"!😃😃😃
hyou zan ren: And "You can't win if you don't play"
@@runcaz7802 1/303 million... good luck!
that would be me and public gets a laughter
I've always found the lottery unethical. I wouldn't buy one, because I can do math.
If you do math that means logically you understand the probability of wining the lottery. Which should help you pin point the location or even number of that max probable wining chance and not call it unethical. the only unethical thing about playing the lottery is the transparency problem like not manually selecting wining numbers and etc..
But somebody will win. And that person or persons will laugh in your face while boarding their private jet
It's improbable but still possible to win.
To be fair if they don't understand that 1 in 300M are impossible odds then they don't need the money anyway, leave it for the rich to enjoy
@@kevinwest3689 🎯 👏 💯 💰 **FoR the mosT paRT weLL puT.!*
Great content!
This video was made in 2019, lottery tickets are $2 each, not $1.
its 8 here in fiji a ticket
Error: NYS retailer's make 6% commission, not 16% commission.
When lottery get over 20 million there should be 2 top prizes and continues at every 20 million increments
Second level prize is 1M or 2M if the multiplier is played.
I bought like three tickets in my life.
I think Lottery is only place in the world where everyone is equal.....no partiality at all...❤
A tax on those who didn’t pay enough taxes to be educated. (That is, school funding is tied to property taxes)
Property taxes which go for schools are a robbery. Why the property owners including those who have never had any children have to pay for schools?. The schools should be financed by states and taxes.
I don't play the lottery but I did get money for college thanks to the Georgia HOPE scholarship and the individuals that fund it playing the lottery.
Good Investigation 👍
The taxes on winnings are DISGUSTING
All the money should be paid out back to the players more smaller winners
That's not how it works in vulture capitalistic america.
NandàKishorThakur.megmillion.draw.dat.24.9.2019.wenig.namber.6.14.24.42.onlion
What's with the 1 cent unclaimed?????
Yeah I wonder how that can be. Who's getting that? GIVE IT TO ME!!!🤑🤑🤑
Superman 3. Or watch Office Space
I am a lottery jackpot winner! Thank you. CA Lottery 🤑🥳🤗💯
Muito bom 👍. Em um país onde ser rico não é vergonhoso e nem perigoso tá gosto jogar....🍀🍀
Dreams come true.
This was the perfect news item. Totally comprehensive.
If you've got a problem with the lottery, you got a choice not to play, so STOP blaming the lottery
In Canada the lottery is run by the government so they control everything that happens. They used to show the numbers drawn but the current government stopped showing the numbers drawn but they show a video of it being drawn at a later time. So who knows if it is real or rigged. They could just be showing numbers that they gave to someone and told them to pick and then draw them so they win. It just seems funny that only two provinces in the east of the country have won 60 65 and 70 million dollar jackpots until just recently and that is because a lot of the people out west have stopped buying tickets and have been complaining about the lottery corporation and that the east only wins.
Also the 70 million that was won out west was actually won by someone from out of the province they bought the ticket in
I'd rather spend money on the Lottery tickets instead of movie tickets or crack cocaine
Lottery=tax on fools. Lots of fools out there. Lots.
A tax on poor
There's a sucker born every minute .... P T Barnum
I'm right Sometimes
😴😴😴😴😴😴😴😴😴😴
😴😴😴😴😴😴😴😴😴😴
😴😴😴😴😴😴😴😴😴😴
😴😴😴😴😴😴😴😴😴😴
🤔 "Going to education", but students are constantly getting stupider 🤨
@@diamondwave100 Shows how stupid you are! Regurgitating stupid studies that doesn't mean sh*t. live in the real world and you'll see!
Keep telling yourself that peasant, I'll be having my sparkling wine in my NYC apartment
😂
Americans spend 80 billion but estimated jackpots only add up to 1.6 billion?
I was told in New York that the retailers don’t even get a piece of the action anymore.
Lotto= “Poor people tax”
No, it isn't, moron. Poor people have no funds to buy lottery tickets.
Susan Nunes your local educated moron here, yeah because people making ~$150k (middle-upperclass class) play the lottery. Look at casinos for example they’re filled with lower middle class. I’ve also sold hundreds of lottery tickets, many are lower middle class.
If I win the lottery Imma marry a beautiful white woman from church and name our kids Donald and Hillary
Let's be honest, you probably waste a lot more than $2 on more useless things (Starbucks coffee, alcohol, smoking, new iPhones every year, fancier car/truck than you really need, new clothes/shoes, etc etc etc).
It's as good as a way to spend $2 than anything else.
Good morning,so my name is Métélus Roldophe,I am from Haiti.
Mega million is,according to me,a very good game the world,so Iove it so much,thank you
No tax in the UK for lottery winnings!!!! 🤞
Earlier in the video you stated that anyone can play, even if they're not a US citizen so long as the ticket is bought in the US. If you look at the graph at 9:05 how much of the winnings would a foreigner take home if they won? Will the US government take a slice of the money? Or would it solely be taxed by the winner's country's discretion?
This is a high stakes raffle.
So Americans spent 80 billion on $ tickets but only one person got 1 billion the whole year
Someone has to win
I wonder who actually owns the lottery.
The one who don't give a f.
bilderburg bunch
If society is concerned about the extreme and rising wealth concentration why not have much smaller jackpots with many more winners instead of concentrating so much money into 1 jackpot. The lottery as it is makes the wealth gap even worse
Chicago ghetto: “This could be your ticket out”
It’s the truth