Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

5/17/2013 (1 year ago)

Catholic Online (www.catholic.org)

We disagree with those who say it's a bad idea - here's why.

Is the $600 million Powerball jackpot worth your investment? According to the Wall Street Journal it isn't, however some may disagree.

Is it worth it to play?

Is it worth it to play?

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

5/17/2013 (1 year ago)

Published in U.S.

Keywords: Powerball, gambling, lottery, record, jackpot


LOS ANGELES, CA (Catholic Online) - The Wall Street Journal did the math and concluded that buying a ticket isn't worth the dollar. They provide the breakdown in detail here.

The conclusion is that you're highly unlikely to win, and you're probably going to have to split the jackpot with others. However, the article does admit that the proposal of a dollar for a million is better than many other long-odds bets out there.

From a mathematical perspective, the expenditure of the dollar isn't likely worth it when you consider your odds of winning, the splitting, and the taxes and so on, but we're yet to hear of a jackpot winner that gave up their prize immediately after winning it.

Therein lies the contradiction. Yes, it costs a dollar, but the WSJ article assumes you're buying a chance at the jackpot. In reality, you're not. In reality, you're spending the dollar for a fantasy, but it's the fantasy that makes it worth it.

We spend a lot of money on fantasies. We spend up to $10 on a movie ticket, we spend as much as $80 on a computer or console game. We spend money on alcohol, cable television, par-per-view and more. We buy things we don't need. So what's the harm in spending a dollar on a few minutes worth of fantasy?

For many, the greatest pleasure in playing doesn't come in checking off the winning numbers because you're not likely to see those anyway. It comes it deciding how you'd spend the money if you did win.

The fantasy plays out the same way every time. At first, you tell yourself that you won't let it go to your head. Then there's the part where you quit your job, then the part where you take a vacation. Then you buy a ridiculous home, a new car and so on. Somewhere in there, you hopefully remember to write an oversized check to your church or charity and you help someone in your family that's been struggling. You put your kids through college. You start a business.

These dreams have value, even if they are just that.

Great things have small beginnings. You may spend a dollar on a fantasy, and you will lose that dollar. However, if dreaming big inspires you to greater things in real life, then it's certainly worth the dollar. Moreover, if the ticket provides a momentary distraction from the daily grind, it's probably worth it just for that.

In other words, it's fun, so just enjoy it, even if you don't win.

So WSJ, we at Catholic Online respectfully disagree, with all the caveats about moderation, of course. So spend your dollar, and if you win, remember your family, your Church, and keep reading Catholic Online.

---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for August 2014
Refugees:
That refugees, forced by violence to abandon their homes, may find a generous welcome and the protection of their rights.
Oceania: That Christians in Oceania may joyfully announce the faith to all the people of that region.



Comments


More U.S.

Why I Said No to the ALS Ice Bucket Challenge: Embryonic Stem Cell Research Is Deadly Watch

Image of I was approached to take the Ice Bucket Challenge to help bring an end to ALS. I said No. I have tried to explain why I said No in this article. I hope it is a helpful contribution in our public discussion. As a Christian, it is never easy to be seen as seemingly unwilling to support a noble cause such as the eradication of a debilitating disease. However, it is vital that we stand for for the fundamental and foundational moral truth which underlies every effort to end disease, the dignity of every human person, including embryonic human persons.

By Deacon Keith A Fournier

I was approached to take the Ice Bucket Challenge to help bring an end to ALS. I said No. I have tried to explain why I said No in this article. I hope it is a helpful contribution in our public discussion. As a Christian, it is never easy to be seen as seemingly ... continue reading


Toward a Christian Vision of Human Work On Labor Day Watch

Image of Christians need to bear witness in the real world to the true value, purpose, meaning and dignity of all human work - just as we bear witness to the inherent value and dignity of every human worker. This is a vital part of our witness to an age which has lost its way.

By Deacon Keith A Fournier

Adam and Eve worked in the garden and it brought them great joy. For the Christian, work is meant to become a participation in the continuing redemptive mission of Jesus, and His ongoing work. Jesus viewed his entire life and mission as work. He was always doing ... continue reading


American Islamic terrorist Fort Hood shooter requests to join Islamic State as a 'citizen' Watch

Image of Nadal Hasan, the man who killed 13 people during a rampage at Fort Hood in 2009, has written a letter to the Islamic State asking to join the terrorist organization as a citizen.

By Catholic Online (NEWS CONSORTIUM)

U.S. Army psychiatrist, Nadal Hasan, who killed 13 people at Fort Hood back in November 2009 has written a letter to the leader of the Islamic State, asking to become a citizen of the Islamic State's caliphate, an attorney of Husan reported on August 28. LOS ... continue reading


St Augustine on a Personal Relationship with Jesus Watch

Image of St Augustine

By Deacon Keith Fournier

But we too can encounter Christ in reading Sacred Scripture, in prayer, in the liturgical life of the Church. We can touch Christ's Heart and feel him touching ours. Only in this personal relationship with Christ, only in this encounter with the Risen One do we ... continue reading


SHAKEN WINE: Strong earthquake jolts California's wine region Watch

Image of The weekend's temblor was felt widely throughout the region, from more than 200 miles south of Napa and as far east as the Nevada border.

By Catholic Online (NEWS CONSORTIUM)

A magnitude 6.0 earthquake rumbled through the early Sunday morning hours in the heart of California's wine country. The epicenter was near the city of Napa in the Golden State's north. Fires erupted in a mobile home park where four homes were destroyed and two ... continue reading


Money is NOT the Root of Evil: Living Simplicity Watch

Image of Simplicity is not about the quantity of the goods of the earth we possess. It is about our relationship to them. Jesus said - Where your treasure is, there your heart will be also. (Matt. 6:21).

By Deacon Keith A Fournier

Learning to live in evangelical Simplicity strips away what impedes love. In finding our proper relationship to the goods of the earth- not rejecting them, craving them, or turning them into an idol- we can learn true freedom. Our eyes are opened and everything begins ... continue reading


Is Transgenderism a Mental Disorder or a Right? Watch

Image of Pope Emeritus Benedict was absolutely correct when he said, - the profound falsehood of this theory and of the anthropological revolution contained within it is obvious. - Gender is a gift. It is also a given. The dangers of the Gender Identity Movement are becoming increasingly clear.

By Deacon Keith A Fournier

In a culture where freedom has been redefined as a right to choose anything and liberty has degenerated into license, the newspeak of the age has declared the instrumental use of the body of another to be sexual freedom. It is not freedom. It turns people into ... continue reading


WORST YET TO COME? Islamic State threat 'beyond anything we've seen,' Pentagon says Watch

Image of IS is

By Catholic Online (NEWS CONSORTIUM)

Catholic Online has been keeping very close watch on the atrocities being committed by Islamic State in both Iraq and Syria, and according to a top government official - the worst is yet to come. According to Defense Secretary Chuck Hagel, the sophistication, ... continue reading


Lawsuit dropped against devil worshiper in Oklahoma Watch

Image of Lawyers representing Archbishop Paul Coakley had earlier demanded the return of a communion wafer obtained by the group.

By Catholic Online (NEWS CONSORTIUM)

The leader of a satanic group in Oklahoma City had threatened that he and his followers would defile a consecrated communion wafer as an offering to Satan as a carnal sacrifice at a "Black Mass" ceremony inside Oklahoma City's Civic Center Music Hall. The ... continue reading


Should Americans have job preference over unskilled-illegal immigrants? President Obama doesn't think so Watch

Image of New polls are showing that Americans are tired of illegal immigrants getting benefits at the expense of citizens and legal immigrants.

By Catholic Online (NEWS CONSORTIUM)

According to the Associated Press: "one of the more popular requests among business and family groups is a change in the way green cards are counted," which would "essentially free up some 800,000 additional visas the first year." LOS ANGELES, CA (Catholic ... continue reading


All U.S. News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, First Corinthians 2:1-5
1 Now when I came to you, brothers, I did not come ... Read More

Psalm, Psalms 119:97, 98, 99, 100, 101, 102
97 How I love your Law! I ponder it all day ... Read More

Gospel, Luke 4:16-30
16 He came to Nazara, where he had been brought up, ... Read More

Saint of the Day

Saint of the Day for September 1st, 2014 Image

St. Giles, Abbot
September 1: St. Giles, Abbot (Patron of Physically Disabled) Feast day - ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter