Congratulations to Eric Bragg of California, one of last night’s three winners. Of course, government is the real winner here, just like every Powerball jackpot, they’re walking away with a nice chunk.
Out of the $1.4 billion the federal government will walk away with nearly half a million– around $400 million, according to MarketWatch.
Of course, before you get too worked up– remember, the lottery is one way which government can generate funding through voluntary participation; unlike taxation.
Still, the government is undeniably the reining Powerball champion. It wins every time.