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Powerball fever

December 3, 2012
The Journal

Oh, there's nothing like the dream of getting something for nothing to divide people from their money. Swindlers and scame artists have been doing it for years.

The states figured that out long ago, too, and the preponderance of large state lotteries feeds off of that.

Last week the Powerball jackpot climbed to $350 million, then over $500 million on Wednesday. People turned out in record numbers to put down $2 for a 1-in-175 million chance of being a big winner. Two winning tickets were sold in Missouri and Arizona, out of the millions that were sold last week.

As it is, Minnesota's state coffers were a big winner. Minnesotans set a new record for the drawing, generating nearly $11 million in sales. While retailers earned more than $1.5 million in commissions, the jackpot generated millions for Minnesota - $10.1 million to be precise. The state's General Fund, which supports state services like public education, local government assistance, transportation and public safety, will get the biggest share at $5.6 million, the Minnesota State Lottery said. More than $2.5 million will go to the Environment and Natural Resources Trust Fund (money of which goes to things like state parks, fish and wildlife resources, enhanced hunting and fishing habitat and environmental research), and the remaining 1,845,318 will be split evenly between the Game and Fish Fund and the Natural Resources Fund.

 
 

 

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