Powerball Jackpot Winners in Missouri, Arizona

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The record-breaking Powerball jackpot has two winning tickets. Powerball officials announced overnight the tickets were sold in Missouri and Arizona. The prize is the biggest in Powerball history.

The two winners will split the $587.5 million jackpot. The rest of the nearly 9 million lesser prize winners will split $131 million.

The $500 million jackpot sparked lines across the country, with hopefuls snapping up 100,000 tickets a minute.

At a convenience store in Morrisville, N.C., they were already counting their millions.

"I would take care of my family, pay my bills and travel the world," one Powerball player said.

"I think I'm going to move to Paris," another added.

In south Philadelphia, on Passyunk Avenue, everyone holding a ticket was hoping they had the winner.

"Well, I am going to give 10 percent to God almighty - to my church, and then give the rest to my wife and kids," Philadelphia resident P.J. Augustine said.

But statistically, you had the same chance of being struck by lightning 175 times in the same year, as winning Powerball.

Some question the wisdom of playing the lottery in a bad economy and the false sense of hope it breeds.

It's a tough sell, especially for financial professionals like Carr Burgoyne with Symphony Financial.

"Part of it is the concept that we don't really have to work for it. We get something for nothing. Reality is we could do a lot better with our money than spending it on lottery tickets," Burgoyne said.

Studies have shown that in terms of overall happiness, lottery winners are not significantly happier than the non-lottery winners. And we've all heard the horror stories about lottery winners who blew through their millions.

"People have gone bankrupt after winning the lottery. They get overextended. They are unable to say no," Michael Whitty of Vedder Price, P.C. said.

Not to mention that the winners will also have to fork over 25 percent of their winning to Uncle Sam in taxes.

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CBN News
Dale Hurd

Dale Hurd

CBN News Sr. Reporter

A CBN News veteran, Dale Hurd has reported extensively from Western Europe, as well as China, Russia, and Central and South America.  Since 9/11, Dale has reported in depth on various aspects of the global war on terror in the United States and Europe.  Follow Dale on Twitter @HurdontheWeb and "like" him at Facebook.com/DaleHurdNews.