Today's Power Ball... by the numbers

-


The Powerball is a 292million to 1 chance ...here are the take home numbers as per the NY Daily News:
Our local NY paper itemized the winnings as (approximately)
$1.5 Billion total = $960 immediate payout -$300 Federal Taxes -$100 NY State and Local Taxes = $560 million payout
That is a payout of 230million to 1 (each ticket costs $2) so divide 560/2 =230 for a 290 to 1 risk.

Comments

Post a Comment

Popular posts from this blog

The DuPont Identity: A vital key to understanding the Financial Markets

-
Image
The DuPont Identity: A vital key to understanding the Financial Markets . Friday, February 17th, 2012 “Knowledge is power.”  – Sir Francis Bacon We promised at the outset, to deliver an amusing, yet educational experience. On that note, we unveil today’s feature: The DuPont Analysis. DuPont deconstructs and reviews the components that encompass the essential view of a company’s health, its return on Equity (ROE). It was developed by DuPont in the 1920’s to help them manage their conglomerate, and it is brilliant! The inspiration to delve into this financial abstruse was the story of Billy Beane, as portrayed in Michael Lewis’ popular book, “Money Ball”. Beane, the general manager for the Oakland Athletics baseball team, discovers the usefulness of viewing major league prospects through the lens of statistical analysis that goes far beyond the normal batting and earned run average statistics. Beane, who was once a baseball prodigy himself, found disappointment through unmet
Read more

The corporate debt problem refuses to recede..click on link,

-
Image
Opinion   Market Volatility The corporate debt problem refuses to recede Non-financial leverage is higher today than it was before the crisis London Financial Times Retreived from: https://www.ft.com/content/ceb8d8ee-0b57-11e8-8eb7-42f857ea9f09 As stock markets gyrated wildly earlier this week, the Reddit social media platform delivered a scream of pain from somebody called “Lilkanna”, who claimed to be a small-time investor holding exchange-traded notes that bet on low US equity volatility. “I started with 50k [dollars] and traded all the way to 4 mill over 2.5 years . . . using more and more margin [ie debt],” this declared. “But now I have lost $4m, three years of work, and other peoples’ money.  I feel like such a fool.” Quite so. For months, commentators have warned that a correction in the US stock market was overdue. Financial insiders have also warned that volatility was bound to explode after last year’s supernatural calm, spelling disaster for anybody who —
Read more