The odds of winning the powerball are 1 in 292,000,000 but 2 buddies from Tampa, Florida are trying to beat the system by purchasing 73,000 tickets – giving them a 1 in 4,000 chance.
The guys aren’t dumb enough to purchase all the tickets for the record-breaking $1.5 billion jackpot, they organized a pool with about 270 participants who each spent over $500 each. That’s $146,000, which will buy about 73,000 $2 tickets.
“While it’s still a longshot, it’s reasonable,” said McGuinness, a 32-year-old partner in a Tampa realty investment firm.
He started the first pool back when the jackpot was a mere $400 million, and enough people joined to buy $15,000 worth of tickets. In the next round, the group chipped in about $19,000.
“This last round is when everything went nuts,” he told The Tampa Bay Times.
The men used Facebook to get contributions from friends, friends of friends or business associates. Most of the hopefuls are from Florida but random strangers found out about it with participants now from Croatia, Siberia, London and Israel, Krugman said.
“It’s just kind of mind-blowing,” said the 33-year-old jewelry wholesaler. “At different points we were like, should we cap it? But the more people, the more chances, so it would be foolish not to take their money.”
Since Sunday, the men have spent 10 to 12 hours a day buying tickets and posting updates on a private Facebook page. Each ticket is being scanned and the image posted on the page.
Each $500 contribution is worth one “unit” in the pool, so someone who contributes $1,000, for example, would get a double share from the total. The roughly 270 participants purchased about 290 units. McGuinness spent $1,500. Krugman kicked in $2,000.