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The Other Winner of That Big Powerball Prize? The I.R.S. — Dollars and Sense

On Wednesday, the Powerball lottery reached a record $587.5 million. So far two winning tickets have been announced, one in Arizona and one in Missouri. But there's at least one more guaranteed winner: the Internal Revenue Serv

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Tim Boyle/Getty Images
Tim Boyle/Getty Images
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Powerball Jackpot Up to $425 Million

The Powerball jackpot is up to $425 million.  That is a lot of money!  The next Powerball drawing will be on Wednesday and someone has the chance to walk away with $425 million.

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John Turner
WLS
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Man Who Helped With Hurricane Relief Won New Jersey Lottery

It is often said that a good deed is its own reward. However, John Turner got quite a bit more than that when he went to New Jersey to help with Hurricane Sandy clean up.

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Lotto winner
ABC News
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California Woman Learns She Won $23 Million Lottery Just in Time

A little more than five months ago, a Los Angeles woman bought a lottery ticket at Michael’s Market & Liquor. She then left it in her car and forgot about it, obviously not that enthused with her 18 million-to-one odds of hitting the jackpot.

Unbeknownst to her, she hit that jackpot to the turn of $23 million.

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Lottery winner
Stephen Chernin, Getty Images
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Would You Quit Your Job If You Won the Lottery? — Survey of the Day

According to a new survey from CouponCabin.com of 2,570 adults, 50 percent play the lottery. And of that percentage, 65 percent would continue to live frugally it they happened to win big.

But would a frugal life include keeping their job and continuing to draw their salary?

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andrewmalone, flickr
andrewmalone, flickr
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Why Are People Buying So Many Lottery Tickets These Days? — Dollars and Sense

The economic downturn has been rough on a lot of businesses, but it’s been a boon for state lotteries.

Seems people who only have a few dollars to spare aren’t putting them away for a rainy day — they’re trying to parlay them into big bucks.

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Kevork Djansezian, Getty
Kevork Djansezian, Getty
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Woman Who Lost Lottery Ticket May Still Get $1 Million

It takes a lot of luck to pick the winning numbers in a million dollar lottery. It takes a lot more to lose the winning ticket and still be able to claim the cash.

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MSNBC
MSNBC
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Retired Illinois Couple Claims Share of Mega Millions Jackpot [VIDEO]

Merle and Patricia Butler, a retired couple in their 60s from the small town of Red Bud, IL, stepped forward on Wednesday to claim their share of the record-breaking $656 million Mega Millions jackpot.

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Kevork Djansezian, Getty
Kevork Djansezian, Getty
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$1 Million Lottery Winner Also Wins Welfare Fraud Charges for Remaining on Food Stamps

Money may not buy happiness, but it just might buy you a whole heap of trouble.

One Michigan lotto winner discovered that firsthand after she was arraigned on two felony counts of welfare fraud.

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Fox News
Fox News
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Controversy Surrounds Reported Maryland Mega Millions Winner

Winning last week’s record-breaking $656 million Mega Millions lottery might seem like a dream come true, but it’s created a huge mess for Maryland woman Mirlande Wilson. The 37-year-old McDonald’s employee claims she bought a winning ticket independently, but fifteen of her co-workers say it was purchased as part of an employee pool and they want their share of the winnings.

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