Long shot odds still bring out players for Powerball in Rockford - WREX.com – Rockford’s News Leader

Long shot odds still bring out players for Powerball in Rockford

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ROCKFORD (WREX) -

The biggest Powerball jackpot in history is up for grabs. It's at $550 million dollars.

We know the odds are 1 in 175-million that we could win but what does that really mean. First, we put up our own director Justin Ziolkowski to run a Powerball simulator to see what the biggest jackpot he could hit.

"If you played every Wednesday and Saturday for 8,500 years, based on the projections here in this simulator. The most you would have won was $10,000 twice," says Ziolkowski.

That's the largest jackpot Ziolkowski could hit. To win it all, you are 1,500 times more likely to die on the way to buy that actual ticket than to get the winning one. Even with those depressing odds everyone has plans for if they do win.

"Currently unemployed so what better else to do than to take my chances of winning the lottery."

"Pay my bills, get out of debt. Pay my relatives bills and enjoy the rest of my life."

If you're playing on your own an attorney for Reno and Zahm says if you win get ready to start talking to a lot of people.

"Assemble a team, particularly you want to think about the different facets that you would need. The financial advisors, the lawyers, as well as accounts, people of that nature," says Anthony Phelps.

He said if you are playing in a pool, maybe with the people from work, establish someone to be in charge of the tickets and have them make copies for everyone else.

"Finally the last thing you want to do is make sure you are clear with everybody about how the winnings are going to be split. Whether somebody paid more or paid less," says Phelps.

Tickets are on sale until 9 p.m. Wednesday night. You can see the winning numbers on 13 News at 10.

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