Largest Powerball in History Would Pay Off Just 0.004% of the National Debt

May 17, 2013 - 5:06 PM

Powerball officials have announced that the current jackpot has climbed to an estimated $600 million - enough money to pay down a whopping 0.004% of the national debt!

According to the latest available data from the U.S. Treasury, the total public debt outstanding is $16,734,808,644,648.07.

The $600 million jackpot (the largest prize in the game's history) would make any winner, or winners, incredibly wealthy, but would only pay off a fraction of the burgeoning federal debt.

To put the national debt in perspective, if we divide the $16.7 trillion by $600 million, we find that the largest jackpot in Powerball history would pay off just 0.004% of the amount America owes to its creditors.

In other words, a person would have to win the largest Powerball in history 27,891 times to pay off all of the nation's debt.

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