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Saturday, 25 June 2011

The Powerball Mystery

Yes there is a mystery, and it surrounds Powerball.  Now every week if Powerball is struck, the winner gets $3million.  That's guaranteed.  So that being the case, you'd expect that if a jackpot occurs it will jackpot by the same $3million to the next week.

Not so.  The New Zealand Lotteries Commission jackpot the Powerball by a paltry $1million, and as on this weeks jackpot, by a meagre $500k.  So the question is, where are the remaining guaranteed dollars going?

Well I'll leave that up to you, the Lotto player.  I personally would love to see the $3million jackpot until it is struck, not when it reaches $30million.  And I'd also like the NZ Lotteries Commission to say what they do with the extra money they earn off the jackpots.  I know they'll trundle out the excuse that it goes to community lottery grants, but what they won't say is how much goes into their profits.

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