orangeleader.com (Orange, Texas)

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November 27, 2012

Millions chase record $500M Powerball jackpot

(Continued)

CHICAGO —

While it may seem counterintuitive, Barrow says gambling activity often increases as the economy gets worse and people have less disposable income. However, his research — which focused mainly on New England — found the trend reversed in the latest downturn.

"The Great Recession has been so deep and so long, it's suppressed any kind of discretionary spending across the board," said Barrow, who added about the same percentage of people are playing the lottery — they're just buying fewer tickets.

Strutt, Powerball's executive director, said sales largely stayed flat during the peak of the recession in 2008 and 2009, but picked up since.

"Our biggest factor is gas prices," he said. "If people go to a gas station and put 80 bucks of gas in their car, they're not feeling happy to buy a lottery ticket."

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RIG-PROOF LOTTERY?

It's conceivable you could win Wednesday night's drawing, just not the right one.

In addition to the official one televised nationally from Tallahassee, Fla., there are four practice runs. The reason, Strutt says, is to make sure the machines are running properly and the numbers are being distributed properly.

The balls used in the game are regularly measured, weighed and X-rayed. Then they're locked up in a room that's under 24/7 surveillance. Only the organizers and their auditors have a key.

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IS IT A GOOD INVESTMENT?

You already know the answer to that. Yet people play anyway.

Strutt is estimating that there will be $214 million in sales for Wednesday's drawing (up from $140 million from Saturday's drawing).

Half the proceeds go to the prize pool — about a third of that to the big jackpot, with the rest to lower ones, including a new $1 million second prize. The other half goes to the lottery operations in the 42 states plus Washington, D.C., and the Virgin Islands where Powerball is played. This funds charitable efforts such as education, in addition to paying for overhead and compensating winning stores.

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