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Where all of that lottery money goes
The jackpot for Wednesday's Powerball drawing is up to a record $550 million. But that's nothing compared to what we spend in pursuit of the winning ticket – a total of $65.5 billion in the last year alone. Here's the breakdown of how the money from lottery ticket sales gets spent.
CNNMoney Editors - Nov 28, 2012 11:45 AM ET
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| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.75% | 3.66% | |
| 15 yr fixed | 2.89% | 2.79% | |
| 5/1 ARM | 2.66% | 2.59% | |
| 30 yr refi | 3.74% | 3.64% | |
| 15 yr refi | 2.89% | 2.79% |
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- 30 yr fixed, 0 points refi, Elizabeth, NJ, APR 4.750%
- 15 yr fixed mtg, 0 points, Orlando, FL, APR 3.875%
- 15 yr fixed mtg, 0 points, Orlando, FL, APR 4.000%
- 5/1 ARM, 0 points, Houston, TX, APR 3.125%
- 5/1 ARM, 0 points, Houston, TX, APR 3.250%
- 30 yr jumbo, 0 points, Cleveland, OH, APR 5.500%
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Economic Calendar
| Latest Report | Next Update |
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| Consumer confidence | Aug 28 |
| GDP | Aug 29 |
| Manufacturing (ISM) | Sept 4 |
| Jobs | Sept 7 |
| Inflation (CPI) | Sept 14 |
| Retail sales | Sept 14 |
