Eye 3 Yellow 3d 2 new logo Philly_KYW_new Philly_94WIP_new CBS Sports Radio 610 Philly_WPHT_new
BOSTON MARATHON: Complete Coverage

Latest News

Powerball Players Have 550 Million Reasons To Dream

Jim Melwert Jim Melwert
Jim is a "morning drive" reporter for KYW Newsradio 1060, bringing...
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Check Out

By Jim Melwert

PHILADELPHIA (CBS) - Even though you have a better chance of getting struck lightning, a record-setting Powerball lottery jackpot has people lining up to get tickets.

The odds of hitting the jackpot are in an astronomical 1-in-175-million. On the bright side, you have a better chance of hitting Powerball jackpot than you do of dying by a falling coconut – although those odds likely vary by how close you live to a coconut tree.

But even with those long odds, a $550-million dollar annuity, or a cash option of over $325 million pre-tax, has lottery players dreaming what they’d do with all that money:

“Share it with my family, yes, share it with my family.”

“Pay my house off, and retire.”

“I would move, out of the city. Anywhere.”

The $550-million is a record jackpot for Powerball, and it’s the second largest jackpot in US lottery history.