Wednesday, January 13, 2016

Tampa men form 'mother of all Powerball pools,' buy 73,000 tickets

Posted By on Wed, Jan 13, 2016 at 5:03 PM

PHOTO VIA USA TODAY
  • Photo via USA Today
The odds of Ryan McGuinness and Shane Krugman individually winning the $1.5 billion Powerball jackpot are 1 in 292.2 million, according to the Tampa Bay Times.

But the odds of winning for McGuinness, Krugman and 270 other people who each chipped in $500 into what could be the mother of all Powerball pools: That's slightly over 1 in 4,000. 

The Times reports the two Tampa men collected $146,000, which bought them about 73,000 tickets. 

"If they win, the group would take the lump sum worth $930 million," the Times says. "After federal taxes, that's about $562 million. Since Florida doesn't have personal income taxes, that makes each unit worth about $1.9 million." 

The Powerball drawing is at 10:59 p.m. Wednesday night. 

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