How Mega Millions And Powerball Jackpots Grew So Large
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5 жыл бұрынWhile 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
@SleepingSoldier 5 жыл бұрын
Them: You can't win if you don't play. Me: You can't lose if you don't play either.
@2011blueman 5 жыл бұрын
*win.
@lakersin556 5 жыл бұрын
@@2011blueman *eggo.
@2011blueman 5 жыл бұрын
@@lakersin556 *pun, i.e. play on words.
@Joshua79C 5 жыл бұрын
@@2011blueman I got the pun of your name, unlike that *dolt.
@2011blueman 5 жыл бұрын
@@Joshua79C Glad you got it, KingCo Anderson likely didn't know the word.
@BitcoinMotorist 5 жыл бұрын
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
@kevinarnold7065 5 жыл бұрын
You mean the states and federal government are hypocrites! Noooooooooo.
@davidhill2020 5 жыл бұрын
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.
@jacobfetzer715 5 жыл бұрын
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.
@jcman240 4 жыл бұрын
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
@TheAGODAMI 3 жыл бұрын
@@jcman240 🎯 💯 **FacTS.!!!!* 😠
@jungeunji8289 5 жыл бұрын
did they just tell me the pay outs go to fund gambling addiction programs? Is that not the most ironic sentence of all time
@guy_5108 5 жыл бұрын
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.
@Benz1659 5 жыл бұрын
Its standard operating procedure here in the US. Cigarette taxes go toward anti-smoking treatment programs here as well...
@Dominickudo 5 жыл бұрын
If not it’s up there.
@angolin9352 5 жыл бұрын
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.
@bendover-bz4bc 3 жыл бұрын
@@angolin9352 you can't hate lottery for it though. It's the dumb people buying relentless amount of tickets and ending up broke.
@Bubbasizer 5 жыл бұрын
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.
@TheBikemaster94 2 жыл бұрын
The only one worth playing is the pick3/cash3 50c a play and if you win take that 40-500 and do some shopping
@mith2946 Жыл бұрын
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
@donaldlyons17 Жыл бұрын
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!
@blueshky 5 жыл бұрын
Raised it from $1 to $2 but making the odds lower. There.
@wnxdafriz 5 жыл бұрын
@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 -_-
@robreber9355 3 жыл бұрын
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
@gigigiseleworld 2 жыл бұрын
#2017 they did that. Which really sent players to #scratchoffs .. pretty soon illegal gambling will make a return.
@gigigiseleworld 2 жыл бұрын
@@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
@donaldlyons17 Жыл бұрын
@@robreber9355 They don’t have raffle game lotteries? Like the type that always have winners?
@schizogony 5 жыл бұрын
Adam Carolla calls the lottery "poor people tax."
@DontStopTheWeekend 5 жыл бұрын
Stupid people tax...
@crashdummy1000 5 жыл бұрын
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.
@Kasadoll 5 жыл бұрын
@@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
@sleepycalico 5 жыл бұрын
My brother says they finally figured out how to tax stupidity.
@Foxhoundmg 5 жыл бұрын
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.
@j0epark1 5 жыл бұрын
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.
@MsEliteForever 5 жыл бұрын
Sam don't play
@Vivra_Verra____ 5 жыл бұрын
The government never loses in the end. They always get “their” money
@Playthellgb42 5 жыл бұрын
OH STOP WHINING...NOBODY IS FORCING YOU TO PLAY!!!
@JustSayingitslore 5 жыл бұрын
Haha
@2011blueman 5 жыл бұрын
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.
@deborahfox5401 5 жыл бұрын
Bring back the smaller, more frequent jackpots!
@mithul6566 2 жыл бұрын
How does it work
@moranii1843 2 жыл бұрын
State lottos exist
@archmaiden 5 жыл бұрын
"How the scam keeps growing"
@isabellakerr2966 5 жыл бұрын
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.
@S2Tubes 5 жыл бұрын
Definitely not a scam. Everyone knows it's a long shot. There's nothing deceptive or illegal about it.
@blizzyyt2281 5 жыл бұрын
Dana Rivera it’s not a scam literally everyone is aware it’s a long shot that’s the whole point
@guy_5108 5 жыл бұрын
It's a stupid tax
@ValisX 5 жыл бұрын
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
@nickgehr6916 5 жыл бұрын
Because it's America's dream and American love to dream
@seanaaron7888 5 жыл бұрын
Zenn Lozanno they call it a dream because you have to be asleep to believe it
@GG1783 5 жыл бұрын
Everyone loves to dream
@theworldoverheavan560 5 жыл бұрын
@@GG1783 yep
@runcaz7802 5 жыл бұрын
Dreaming has nothing to do with being "American", Everyone on the entire planet dreams, including animals.
@theconquistador8862 5 жыл бұрын
Dreaming is what makes life tolerable my friend - Cheers *Beer
@michael2244 2 жыл бұрын
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
@enigmathegrayman2953 5 жыл бұрын
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!
@davidhill2020 5 жыл бұрын
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."
@dreamchaser5758 4 жыл бұрын
@@davidhill2020 Conan likes to overlook the fact that the Tonight show had abysmal ratings under his leadership. He is still a multi millionaire.
@ksmurphable 2 жыл бұрын
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
@santiagoagustine3749 2 жыл бұрын
I get your point but its not balancing.
@jaluriaja6294 2 жыл бұрын
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 2 жыл бұрын
.
@santiagoagustine3749 2 жыл бұрын
@@jaluriaja6294 Buy index funds if you wanna be safe, though you are probably be better off just going to Vanguard or something for that
@errolkingston6546 2 жыл бұрын
@@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
@jimjackle6282 5 жыл бұрын
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.
@gmgilmore7734 2 жыл бұрын
True... I read about that
@efnan_55 2 жыл бұрын
Really?
@davidkoonz4336 2 жыл бұрын
EDDIE TIPTON GOT CAUGHT RIGGING LOTTO.😀
@crawnyxx 2 жыл бұрын
@@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!
@efnan_55 2 жыл бұрын
@@crawnyxx Is there truth in these lotteries? i.e. are the winners real ? 🤔🤔🤔
@MrChet407 5 жыл бұрын
Because it's a state backed gambling scheme
@blizzyyt2281 5 жыл бұрын
MrChet407 scheme??? You get what you paid for a chance
@guy_5108 5 жыл бұрын
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.
@MrChet407 5 жыл бұрын
@@blizzyyt2281 I'm giving you a scratcher for Christmas
@Robertmalagon 5 жыл бұрын
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.
@lakeatman504 3 жыл бұрын
Man I wish the ticket was back to a dollar
@susansosa2309 3 жыл бұрын
Esto es unabil estafa juego por30 year y nunca gano madre
@leemacdonald6533 3 жыл бұрын
Hope value is worth alot more than a couple of dollars.
@guardianoffire8814 2 жыл бұрын
For the majority of Americans the lottery is their retirement plan.
@luckyapple2655 2 жыл бұрын
That's exactely what I do. One $ bet.
@ryadderdar991 5 жыл бұрын
CNBC is becoming the best youtube channel
@dennisp8520 5 жыл бұрын
It's ironic because there tv station is dead.
@ShidaiTaino 5 жыл бұрын
Dennis Pietrandrea their
@Minatures 5 жыл бұрын
Definitely! Even as a Non-American, I have the opportunity to learn a lot about the US through this channel.
@maximiIiaan 5 жыл бұрын
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
@momentmedia725 5 жыл бұрын
Ryad Derdar dude honestly! I been hooked on every video they’ve came out with lately. Very well explained and seemingly unbiased
@LockCard 5 жыл бұрын
wait so the state get the taxs from the lotto, THEN the income tax from the winning! ..... thats double dipping sounds fair.
@Joshua79C 5 жыл бұрын
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.
@JohnDoe33408 4 жыл бұрын
@@diamondwave100 In what way do corporations get taxed at a personal level? What does that even mean?
@HarryRacer18 4 жыл бұрын
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).
@savagedragon79 3 жыл бұрын
It's no different than sales tax when you buy groceries. Your income gets taxed then your bread gets taxed.
@thekinginvestor47 5 жыл бұрын
But Flint ain’t got no water. How Sway
@Josh-nc6nt 5 жыл бұрын
But you ain't got no edumacation
@thekinginvestor47 5 жыл бұрын
Nameless damn you got me on that, but I got more money than you. And are you talking about formal education or self education
@msq5067 5 жыл бұрын
@Eustace Hello! Billionaires. 68CamaroRS/SS
@MedicatedEducators 5 жыл бұрын
No capp
@AlanHernandez-jn2mp 5 жыл бұрын
@68Camaro RS/SS well you better have some nice properties to accompany your huge ego & your ASS Camaro, I mean your SS Camaro
@Dr.Jekyll_ 4 жыл бұрын
Government: We are gonna outlaw gambling cuz is bad for you. This is for your own good. Also government: please buy the lotto 😂
@joelspaulding5964 5 жыл бұрын
The lottery is voluntary. It is not a tax therefore it cannot be a regressive tax.
@billypilgrim7838 5 жыл бұрын
Joel Spaulding guess you didn't watch
@joelspaulding5964 5 жыл бұрын
@@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.
@rayray6490 10 ай бұрын
@@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
@Ngamotu83 2 жыл бұрын
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.
@bellamafiaquackafellarecor7770 Жыл бұрын
In TX you can claim with a LLC so you just need to create shell companies and lawyers to hide your identity
@deniz117 9 ай бұрын
because Aotearoa is a much smaller country
@Ngamotu83 9 ай бұрын
@@deniz117 What does the size of my country have to do with lotto winners having the option to remain anonymous?
@desiretoexcel6078 9 ай бұрын
@@Ngamotu83maybe he referred to the 50million cap
@deniz117 9 ай бұрын
@@desiretoexcel6078 um excuse me? its a she 🙄
@Phenomenal8448 2 жыл бұрын
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
@jamesross1798 3 жыл бұрын
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 🤣🤣🤣
@LiveFreeOrDie76 5 жыл бұрын
because they increased the odds to get higher jackpots to increase sales via hysteria.
@mnoell35 5 жыл бұрын
Koroz also notice how they put giant electric billboards everywhere. Hoping to lure you in.
@monis9198 2 жыл бұрын
exactly. that’s why I play always the same no matter the jackpot amount
@nickcooper4265 5 жыл бұрын
But they won’t legalize gambling ??? 🤦🏾♂️
@litojonny 5 жыл бұрын
gambling is more privatized so Uncle Sam doesn't benefit. The house (US government) always wins
@alanl9497 5 жыл бұрын
Nick Cooper Crime rates will skyrocket if it was..
@n3wt 5 жыл бұрын
Is it jus me or video girl speaking very very fast
@takehirolol5962 5 жыл бұрын
Cuz Murica
@ryanbernadett9372 5 жыл бұрын
Alan L Yeah living in Nevada where it’s legal we have daily shoot outs of people trading slot machines /s
@ValleyoftheRogue 5 жыл бұрын
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.
@johnpeter6980 5 жыл бұрын
My dream coming true this year at Mega Million or Powerball 🙌🙌🙌🙌🙌
@kingoflovekingoflove8609 4 жыл бұрын
Me too bro
@HJima 4 жыл бұрын
it isn't gonna hapen, invest in stocks or crypto coins intead
@cookncrook6902 3 жыл бұрын
More likely to be struck by lightning but I get it I pick up a ticket here and there
@maimai6903 3 жыл бұрын
me too
@marcusrichburg5280 3 жыл бұрын
028853
@captaincool411 5 жыл бұрын
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.
@willrose5424 5 жыл бұрын
Yeah, they must be bad at math
@niyawilliams2.021 4 жыл бұрын
Not really you just have to be good with numbers. You have people who won multiple times.
@josecarrillo3820 4 жыл бұрын
I'm poor and desperate lol
@ravindranathchowdary6358 3 жыл бұрын
At the same time what if poor wins jackpot 🤣🤣🤣
@valerieaustin2565 3 жыл бұрын
I know right
@societynewsnetwork5973 5 жыл бұрын
I still go by the slogan. Somebody's gonna win, might as well be me😂
@BeyondFrenemies 4 жыл бұрын
I hope everyone who reads this has an incredible rest of 2019 & an awesome 2020 ❤
@newmove7068 4 жыл бұрын
Wish you and your family the same 🤗🥂
@BeyondFrenemies 4 жыл бұрын
@@newmove7068 🙏 Thank you 🙏
@deadliza2034 5 жыл бұрын
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.
@guy_5108 5 жыл бұрын
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.
@mrike5651 5 жыл бұрын
james berczynski just imagine Miami dade and the people who pay for the county.
@HarryRacer18 4 жыл бұрын
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.
@shahzadsaim1106 Жыл бұрын
Hi
@austina4189 5 жыл бұрын
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:(
@joshuapadiernos7910 3 жыл бұрын
In 2020, Powerball and Mega Millions minimum jackpot switching temporary to $20 million during the Coronavirus Pandemic.
@Peichen01 5 жыл бұрын
As the American dream is dying the only dream left is winning the lottery
@dutchmaster4309 4 жыл бұрын
Seriously
@MooMoo69556 4 жыл бұрын
The American dream is alive and well my friend. It’s all about your life choices!
@welliminitnowso 4 жыл бұрын
Fact
@marciawalker5302 3 жыл бұрын
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*
@ivanchemshirov3640 4 жыл бұрын
@CNBC you guys make one of the most impressive and eye opening videos!
@thevapingpolisher9717 5 жыл бұрын
Nothing but a big scam
@guy_5108 5 жыл бұрын
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.
@thevapingpolisher9717 5 жыл бұрын
live life lol not me have never played it
@bobbrawley2612 5 жыл бұрын
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
@bobbrawley2612 5 жыл бұрын
life true but when they jacked the price to $2 per number combination for the mega million I pretty much dropped out
@stevostevo5032 4 жыл бұрын
@@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.
@stiffjabzz4237 2 жыл бұрын
All or most of the money comes from the inner city and the winner usually resides in a small suburb community.
@paritoshjha28 5 жыл бұрын
Hey RANDOM SCROLLER, yes YOU HAVE a great day, never forget how awesome you are and travel more in these beautiful world❤️🌍🎉🎉🗺️💜💕
@Joshua79C 5 жыл бұрын
(flips you off in pig latin)
@garystinten9339 Жыл бұрын
It should me mandatory that a broadcast be announced and not extensively but enough for players to be aware.
@dominiclovato4565 4 жыл бұрын
So you have sensors watching each ball. Then it picks a ball by random. Ok sounds legit.
@RyanMartinsrjmartins 4 жыл бұрын
Hugeeee scam
@correctopinion505 5 жыл бұрын
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?
@80budokai 4 жыл бұрын
CNBC, great video! Enjoy your Saturday! 💯🙏🙌
@jithendrakrishnakumar8054 Жыл бұрын
That buzzing noise from the phone on vibration mode 😂😂😂
@rackets7991 5 жыл бұрын
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..
@shaquichapman4731 5 жыл бұрын
Don't care what no one says i will win big some day!
@mosescooley 5 жыл бұрын
Me too. Check back in with me when we win.
@empress3112 4 жыл бұрын
Me too I know. It
@theshark84724 5 жыл бұрын
Great lottery info. Thank you CNBC
@litojonny 5 жыл бұрын
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
@takohma1056 5 жыл бұрын
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.
@a-drewg1716 5 жыл бұрын
seriously though I always have like $2 in change in my car which I am never gonna use because I don't carry loose change so when it gets that high it is just a flat who knows what might happen so I might as well.
@essentialdang 5 жыл бұрын
Interesting video. I'm really impressed by the content CNBC is putting out, really top quality.
@ll8937 5 жыл бұрын
The poorer American gets the faster the Jackpots Grew
@angelgjr1999 5 жыл бұрын
Incomeking Rarely. And 2$ for them is nothing. A person making 7.50$/hour will buy the ticket, but spent a higher percentage of their income on lottery.
@Benz1659 5 жыл бұрын
The lotto's new slogan - "Jackpots: Filled by Desperation!"
@KevinP32270 5 жыл бұрын
They collected 80 BILLION IN 2018 and only paid out 1.6 BILLION??? Now that's a great return on your investment.
@dennisgrant4266 5 жыл бұрын
Just the American Dream. A ray of hope, just a ray.
@madvidz9819 5 жыл бұрын
publsihers clearing house must be exempt from federal trade commission as well lmao
@ravisriram6746 5 жыл бұрын
I think the lottery's fixed, personally.
@conniesmith8365 5 жыл бұрын
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!
@teshomevaughn4162 3 жыл бұрын
It is
@romiagua2746 2 жыл бұрын
Muito bom 👍. Em um país onde ser rico não é vergonhoso e nem perigoso tá gosto jogar....🍀🍀
@NaseemKhan-yq2ql 3 жыл бұрын
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.
@klimankhmeron7636 3 жыл бұрын
The gaming addiction program can be short and effective if they just told an addict the truth," the draws are fixed". Done
@30jersey478 4 жыл бұрын
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.
@yli5531 5 жыл бұрын
10:37 this is the most insightful part of this video
@roldophemetelus7941 2 жыл бұрын
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
@michaelgray1803 5 жыл бұрын
All the money should be paid out back to the players more smaller winners
@LegendNinja41 5 жыл бұрын
That's not how it works in vulture capitalistic america.
@nandathakur8310 4 жыл бұрын
NandàKishorThakur.megmillion.draw.dat.24.9.2019.wenig.namber.6.14.24.42.onlion
@colinsilver1041 5 жыл бұрын
I've always found the lottery unethical. I wouldn't buy one, because I can do math.
@native2704 5 жыл бұрын
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..
@societynewsnetwork5973 5 жыл бұрын
But somebody will win. And that person or persons will laugh in your face while boarding their private jet
@Samantha-sk5uz 5 жыл бұрын
It's improbable but still possible to win.
@m2heavyindustries378 4 жыл бұрын
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
@TheAGODAMI 3 жыл бұрын
@@kevinwest3689 🎯 👏 💯 💰 **FoR the mosT paRT weLL puT.!*
@pierreferguson5257 5 жыл бұрын
Interesting and informative.
@hyouzanren1846 5 жыл бұрын
These make people keep the mass dreaming through hardship by a promise "one day you will win"!😃😃😃
@runcaz7802 5 жыл бұрын
hyou zan ren: And "You can't win if you don't play"
@ThomasOlsenJr76333 5 жыл бұрын
@@runcaz7802 1/303 million... good luck!
@marcusrichburg5280 3 жыл бұрын
that would be me and public gets a laughter
@CrescentSword 5 жыл бұрын
Detroit alone spends 300 million a year on lottery tickets. So that's 100 million a year to the state' school system fund, but .....
@rufinocruz157 3 жыл бұрын
Hoal mi amigo comoesta que dios tebediga de costa ruca
@jvyeknom 5 жыл бұрын
It's like Dave Ramsey says that the lottery is a tax on the poor.
@iivv_nn 4 жыл бұрын
I bought like three tickets in my life.
@Zones33 2 жыл бұрын
I wish there was a TV show following lottery winners and their winnings
@WhatTheHellRachelle 5 жыл бұрын
This video was made in 2019, lottery tickets are $2 each, not $1.
@shirleywong4333 4 жыл бұрын
its 8 here in fiji a ticket
@WarriorsPhoto 5 жыл бұрын
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.
@cesarinho22584 5 жыл бұрын
In Guatemala you can become millionaire if you are owner of a lottery, because poor people rather buy lottery tickets instead of buy food
@WarriorsPhoto 5 жыл бұрын
CES Same as the USA. ;)
@jkkic426 4 жыл бұрын
The Beginning of wisdom!!!
@missfoster9986 3 жыл бұрын
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*
@Raylor 5 жыл бұрын
just play CNBC videos on your senior year of high school to become informed. awesome content guys.
@mrike5651 5 жыл бұрын
Raylor my teacher did that that why I don’t play
@devinelove2824 3 жыл бұрын
The taxes on winnings are DISGUSTING
@KevinP32270 5 жыл бұрын
What's with the 1 cent unclaimed?????
@meatslammcdoodle7402 5 жыл бұрын
Yeah I wonder how that can be. Who's getting that? GIVE IT TO ME!!!🤑🤑🤑
@boskostoybox 3 жыл бұрын
Superman 3. Or watch Office Space
@SajidToppa 4 жыл бұрын
Error: NYS retailer's make 6% commission, not 16% commission.
@vmonkey11 5 жыл бұрын
Music is annoying.
@iRyanMusic 5 жыл бұрын
Great content!
@i000_ 5 жыл бұрын
🤔 "Going to education", but students are constantly getting stupider 🤨
@i000_ 5 жыл бұрын
@@diamondwave100 Shows how stupid you are! Regurgitating stupid studies that doesn't mean sh*t. live in the real world and you'll see!
@m2heavyindustries378 4 жыл бұрын
Keep telling yourself that peasant, I'll be having my sparkling wine in my NYC apartment
@welliminitnowso 4 жыл бұрын
😂
@nickc3657 5 жыл бұрын
A tax on those who didn’t pay enough taxes to be educated. (That is, school funding is tied to property taxes)
@isabellakerr2966 5 жыл бұрын
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.
@mieshaswoopes9078 3 жыл бұрын
I am a lottery jackpot winner! Thank you. CA Lottery 🤑🥳🤗💯
@satyajeetthabe129 5 жыл бұрын
I think Lottery is only place in the world where everyone is equal.....no partiality at all...❤
@FYMASMD 5 жыл бұрын
Lottery=tax on fools. Lots of fools out there. Lots.
@Sadin15 5 жыл бұрын
A tax on poor
@nightfangs2910 5 жыл бұрын
There's a sucker born every minute .... P T Barnum
@glocknineteen9190 4 жыл бұрын
I'm right Sometimes 😴😴😴😴😴😴😴😴😴😴 😴😴😴😴😴😴😴😴😴😴 😴😴😴😴😴😴😴😴😴😴 😴😴😴😴😴😴😴😴😴😴
@boitumelomatsho6874 2 жыл бұрын
If you've got a problem with the lottery, you got a choice not to play, so STOP blaming the lottery
@robreber9355 Жыл бұрын
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.
@robreber9355 Жыл бұрын
Also the 70 million that was won out west was actually won by someone from out of the province they bought the ticket in
@budger4860 4 жыл бұрын
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
@patrickwall7103 4 жыл бұрын
Good Investigation 👍
@Robertmacmedia 5 жыл бұрын
When lottery get over 20 million there should be 2 top prizes and continues at every 20 million increments
@Joshua79C 5 жыл бұрын
Second level prize is 1M or 2M if the multiplier is played.
@EVILBUNNY28 4 жыл бұрын
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?
@clakisonshenkshenk522 2 жыл бұрын
Muito lindo gostei ficou beleza gostei
@fajararianto5791 4 жыл бұрын
Please add subtitle. Thank you.
@jonathansavage9843 4 жыл бұрын
Dreams come true.
@MyLifeOfficial 5 жыл бұрын
No tax in the UK for lottery winnings!!!! 🤞
@steveshao24-77 3 жыл бұрын
Finally KZfaq’s recommendation timing is perfect for 2021 now at $750 mil!
@spongebob6956 5 жыл бұрын
If I win the lottery Imma marry a beautiful white woman from church and name our kids Donald and Hillary
@oswaldo9127 5 жыл бұрын
Save your money!
@SportsIncorporated 5 жыл бұрын
This was the perfect news item. Totally comprehensive.
@auro1986 5 жыл бұрын
why do you sell so many tickets if winner of the highest amount will be just one?
@jacquelynrobbins2643 2 жыл бұрын
I'm a Georgia 🇬🇪 lottery winner. Release it in the atmosphere. Be blessed 🙌 everyone.
@MrVnick1 5 жыл бұрын
Lotto= “Poor people tax”
@ValleyoftheRogue 5 жыл бұрын
No, it isn't, moron. Poor people have no funds to buy lottery tickets.
@MrVnick1 5 жыл бұрын
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.
@georgefearsjr9922 5 жыл бұрын
I wonder who actually owns the lottery.
@babafakruddin6968 5 жыл бұрын
The one who don't give a f.
@shirleywong4333 4 жыл бұрын
bilderburg bunch
@cabdisaaqxasanfiiwdow2897 3 жыл бұрын
Thanks
@888xxxreview 3 жыл бұрын
Amazing
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