Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

5/17/2013 (2 years 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 (2 years 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'


Copyright 2015 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for February 2016
Universal:
That prisoners, especially the young, may be able to rebuild lives of dignity.
Evangelization: That married people who are separated may find welcome and support in the Christian community.



Comments


More U.S.

Former Catholic priest arrested in connection with beauty queen's murder - 56 years later Watch

Image of Now a married grandfather, former Catholic priest John Feit is accused in the 1960 murder of 27-year-old Irene Garza in 1960 (CNN).

By Catholic Online (CALIFORNIA NETWORK)

Many thought, but few actually believed that a small town Catholic priest would be capable of such a savage crime. Fifty-six long years later, former priest John Feit, now a married grandfather living in Arizona has been arrested in connection with the 1960 ... continue reading


Ash Wednesday and Lent. It Works if you Work It Watch

Image of After receiving the ashes, we are exhorted to leave the Church as penitents and pilgrims and continue in a Christian way of life every day

By Deacon Keith Fournier

If we enter into the observance of Lent with our entire person, it can draw us, at its' closure, into a deeper embrace and experience of the power of the Resurrection, beginning right now and stretching into eternity. Our frequent liturgical celebrations present ... continue reading


No Catholic or other Christian Should Support the Candidacy of Bernie Sanders Watch

Image of Senator Bernie Sanders, a candidate for the Presidency of the United States of America, denies the fundamental Human Right to Life of children in the womb.

By Deacon Keith Fournier

Legalized abortion on demand is an open rejection of the entire ethic of being our brothers (and sisters) keeper. There can be no enduring lasting solidarity upon which to build a secure future in a culture that kills its own children and calls it a right. No ... continue reading


Mardi Gras' several names and traditions: How is it celebrated around the world? Watch

Image of Mardi Gras is famous for its colors, masks, beads, food, floats and more (Pixabay)!

By Kenya Sinclair (CALIFORNIA NETWORK)

People around the world celebrate Fat Tuesday each year with regional traditions - but did you know it is a celebration with roots in Christianity?  LOS ANGELES, CA (Catholic Online) - "Fat Tuesday" is English for the French "Mardi Gras," and is traditionally ... continue reading


7 Fun facts about Fat Tuesday and Mardi Gras celebrations Watch

Image of Mardi Gras first became a holiday in 1582.

By Abigail James (CALIFORNIA NETWORK)

Mardi Gras is French for Fat Tuesday; it comes directly before Ash Wednesday. "Mardi Gras is a raucous celebratory affair that serves as a final shebang before the 40-day abstinence of Lent," explains The Huffington Post. LOS ANGELES, CA (Catholic Online) - Amidst all ... continue reading


605,000 undocumented immigrants to receive driver's licenses in California Watch

Image of California driver's licenses do not bestow any federal benefits to the recipient. State sources say the law is intended to make California roadways safer.

By Catholic Online (CALIFORNIA NETWORK)

Thanks to a new California law known as AB60, which took effect on January 2, 2015, the Department of Motor Vehicles, or DMV has handed out 605,000 driver's licenses to undocumented workers. It is estimated that 1.4 million migrants will receive licenses under ... continue reading


Center for Medical Progress releases another Planned Parenthood video despite injunction Watch

Image of Pro-life CMP stands against abortionists NAF (imgsuccess).

By Kenya Sinclair (CALIFORNIA NETWORK)

After ousting illegal actions performed by Planned Parenthood clinics, the Center for Medical Progress (CMP), and its founder Daniel Daleiden, have been ordered to cease further distribution of illegally-obtained Planned Parenthood footage. Unfortunately for the ... continue reading


Huff Po Gestapo, beats down Trump, First Amendment with editorial billy club Watch

Image of Huffington Post has found a way to turn the First Amendment into a billy club for their PC police duties.

By David Drudge (CALIFORNIA NETWORK)

Liberal mouthpiece, The Huffington Post (not to be confused with an actual news organization) is pandering to liberal readers by posting an addendum at the end of every story about Donald Trump. The addendum labels Trump a "racist" and a "serial liar." LOS ANGELES, CA ... continue reading


Lower Your Nets For a Catch! We Are All Called to Evangelize Watch

Image of Lower your nets for a catch

By Deacon Keith Fournier

The New Evangelization is meant to bring about an authentic renewal of the Church so that she can then undertake a new missionary outreach to the whole world. Only a Church fully alive in the Lord and filled with His Spirit can carry out such an evangelical ... continue reading


'Church ladies' finally force phony priest in Los Angeles to authorities Watch

Image of Erwin Mena  was arrested by Los Angeles police for allegedly impersonating a Roman Catholic priest and on suspicion of grand theft (Los Angeles Times).

By Mary Rezac, CNA/EWTN News

For months, Erwin Mena donned vestments, called himself "Padre," and convinced Southern California Catholics that he was a priest, police say. Los Angeles, Calif. (CNA/EWTN News) - He was good at it, too, reportedly. He attended seminary in El Salvador for a time ... continue reading


All U.S. News

Newsletters

Newsletter Sign Up icon

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

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • Palm Sunday HD Video
  • Daily Readings for Thursday, February 11, 2016
  • Take this thought provoking Stations of the Cross survey
  • Stations of the Cross - Fourth Station: Jesus meets his mother HD Video
  • Can you answer these four challenging questions about Lent?
  • Is Valentine's Day...? (Take the quick survey!)
  • St. Paschal: Saint of the Day for Thursday, February 11, 2016

Daily Readings

Reading 1, Joel 2:12-18
12 'But now -- declares Yahweh- come back to me with all your heart, ... Read More

Psalm, Psalms 51:3-4, 5-6, 12-13, 14, 17
3 For I am well aware of my offences, my sin is constantly in ... Read More

Gospel, Matthew 6:1-6, 16-18
1 'Be careful not to parade your uprightness in public to attract ... Read More

Reading 2, Second Corinthians 5:20--6:2
20 So we are ambassadors for Christ; it is as though God were urging you ... Read More

Saint of the Day

Saint of the Day for February 10th, 2016 Image

St. Scholastica
February 10: St. Scholastica, sister of St. Benedict, ... Read More