Lottery

Powerball Jackpot Leaps to $550M

The Powerball jackpot has jumped to $550 million, a major climb less than a day after the latest drawing produced no winning ticket.

Arizona Ticket Holder Claims Half of Record $587.5 Million Powerball Jackpot

The holder of a winning lottery ticket bought in Arizona has come forward to claim half of the record $587.5 million Powerball lottery jackpot, the Arizona lottery said on Friday. The unidentified ticket holder shares the huge prize in the November 29 draw with a Missouri couple who claimed their prize a week ago.

Why Retirement Is Like Winning the Lottery

The new retiree has a lot in common with a lottery winner. But there is at least one major difference. If you buy a lottery ticket, you have a miniscule chance of winning. If you contribute to your retirement account, you're bound to win.

Winning Tickets Sought in $588 Million Powerball Jackpot

The search is on for the country's newest multimillionaires, the holders of two tickets that matched all six numbers to claim a record $588 million Powerball jackpot. The winning tickets were sold at a convenience store in suburban Phoenix and a gas station just off Interstate 29 in a small northwestern Missouri town.

Lottery Winners Share Lessons, Risks of a Giant Powerball Prize

For the winners of the $500 million Powerball jackpot, past winners of mega-lottery drawings have some sound financial advice: Stick to a budget, invest wisely, learn to say no and be prepared to lose friends while riding an emotional roller-coaster of joy, anxiety, guilt and distrust.

Record Powerball Result of Changes to Boost Sales

The historic Powerball jackpot boosted to $500 million on Tuesday was all part of a plan lottery officials put in place early this year to build jackpots faster, drive sales and generate more money for states that run the game. Their plan appears to be working.

Who Are the Nation's Biggest Suckers? Lottery Players

As bizarre as it sounds, 21% of American adults agreed with the statement: "Winning the lottery represents the most practical way [for me] to accumulate several hundred thousand dollars." Those 21% couldn't be more wrong.

Is 'Sou-Sou' for You? Africa's Clever Savings Pool Scheme

Have you ever dreamed about winning the lottery, or having a windfall appear in your bank account? Well, a new scheme called a "sou-sou" promises to make you a "winner" not just once, but over and over. It may be unfamiliar here, the idea's pretty old hat in West Africa. Here's how it works:

Lotto Winners Would Keep On Clipping Coupons

Maybe winning Powerball isn't the financial lifeboat it's cracked up to be. A whopping 96% of shoppers would continue to use coupons even if they won the lottery, according to a survey released Monday by the deal publisher Redplum.com.

The Painfully High Price of Gambling Addiction

The severity of America's gambling addiction isn't too far behind the nation's drug problem, and it's growing. In 2007, Americans lost more than $92 billion gambling, almost 10 times more than what U.S. moviegoers spent on tickets -- and about nine times what they lost 15 years earlier.

Jackpot! States With Biggest Lottery Payouts

Lotteries are big businesses in most states, and they can provide windfalls for both the winning ticket-holders and state coffers. But which states give the most back to ticket-holders and through government services?

Spain to Sell Stake in State Lottery as Debt Crisis Looms

With the fears of a European sovereign debt crisis growing worse, the Spanish government said Wednesday that it's taking several measures to stop the fiscal contagion from reaching its shores, including selling a 30% stake in its national lottery business, Bloomberg reported.