Observer 1/15/2016 : Page 1

X Saugatuck Township Passes New Short-Term Home-Rental Rules Page 3 Red Cross In Need Of Blood & Platelet Donations To Help Those In Need This Winter Page 3 Presorted Standard U.S. Postage Paid Saugatuck MI Permit No. 30 CURRENT RESIDENT THE LOCAL OBSERVER WE BRING YOU THE NEWS SERVING January 15, 2016 Vol. 14 No. 3 FREE SAUGATUCK * DOUGLAS * SAUGATUCK TOWNSHIP * LAKETOWN TOWNSHIP * FENNVILLE * GLENN * GANGES TOWNSHIP * HAMILTON * HOLLAND * SOUTH HAVEN Didn’t Win The Billion+ Bucks In The Powerball Lottery? Here’s Why Nick Stockton WIRED & Staff Report Many, most, if not all of the Saugatuck/Douglas area residents who coughed up a few or large num-ber of bucks to play the billion-dollar-plus Powerball lottery woke up this Thursday morning to check their tickets and then uttered an oft-repeat-ed phrase we aren’t going print here. Since we don’t know who, if anyone, bagged the richest lottery prize ever in the U.S. as this newspa-per went to press before any winner could be identified, we’re still hopeful the lottery chiefs will announce Saugatuck and/or Douglas and/or Fennville and/or Glenn...(you get the drift)...as the municipality where the winning ticket was sold. Doubt it, but we hold out hope. As you already know, your odds of winning this week’s record Powerball jackpot, or any other com-bination of numbers, are pretty bad. How bad? Like one in more than 292 million bad. Or put another way, barely better odds than having your name randomly pulled from a hat filled with the names of everyone in the US. But you’re an optimist, right? I say that and you figure I’m telling you there’s a chance. And behind every game of chance is some fascinating math. Powerball is like normal lot-tery with a twist. You pick five num-bers—ranging from one through 69—which pop up as white balls in the eventual drawing. A final, yellow Powerball only ranges from one to 26, but always comes last. The one-in-292-million odds come from all the different com-binations you can win by picking the right five white balls—in any order— out of a drum of 69. “Multiplied by 26, because for every five-ball combination you’ve got 26 different associated Powerballs,” says University of Buffalo statistician Jeffrey Miecznikowski. And for the jackpot, those odds never change. Your odds of winning this week’s $1.6 billion (and counting) jackpot are exactly the same as they were of winning in November, when the pot was a mere $40 million. Which means—at the very least—you’re better off buying a tick-et now than you were then. This gets into something statisticians call “expected return.” Simply put, this is your odds of winning multiplied by the potential payout. If the odds were perfect, and you could never lose, then the expected return would be $40 million: a fantastic investment. If you buy one Powerball ticket, giving you a one in 292 mil-lion chance of winning $1.6 billion, your expected return is almost $5 on that $2 ticket—a great investment. But wait: Powerball’s expected return is actually way, way lower than that. How low? First off, you only get $1.6 billion if you accept the payout over 30 years. If you want it all at once, your bounty drops to $868 million. Then you gotta pay taxes. I’m going to assume you’re not already rich, and therefore do not have a cabal of Randian lawyers standing between your money and the government. Which means you’re losing about 40 percent at the federal tax rate. Oh and also, the IRS with-holds an extra 25 to 28 percent because you struck it rich gambling! CHECK OUT THE GREAT NEW ADVERTISING OFFERING FROM THE LOCAL OBSERVER FOR 2016! YOU’LL BE GLAD YOU DID! (See Page 8) Local Observer Making It Easier To Advertise, Get Terrific Ad Rates For The Upcoming Fall & Winter Seasons In an ongoing effort to make it easier for advertisers to find out more about our low rates, special discount ad package deals and more from our various print, email & text advertising businesses, the parent company of The Local Observer -Perspective Media Corp. -will now provide a 24/7 telephone number so you can immediately reach one of our operators so we may serve you better and more quickly. All you have to do is call (269) 244-3744 -and our operators will quickly link you to the person who is best able to answer all your advertising questions. We can immediately email, text or fax you all our advertis-ing rate sheets, answer your ques-tions and give you the best advertis-ing deals in all of West Michigan. CALL: (269) 244-3744

Didn’t Win The Billion+ Bucks In The Powerball Lottery? Here’s Why

Nick Stockton WIRED &amp; Staff Report<br /> <br /> Many, most, if not all of the Saugatuck/Douglas area residents who coughed up a few or large number of bucks to play the billion-dollar-plus Power ball lottery woke up this Thursday morning to check their tickets and then uttered an oft-repeated phrase we aren’t going print here.<br /> <br /> Since we don’t know who, if anyone, bagged the richest lottery prize ever in the U.S. as this newspaper went to press before any winner could be identified, we’re still hopeful the lottery chiefs will announce Saugatuck and/or Douglas and/or Fennville and/or Glenn...(you get the drift)...as the municipality where the winning ticket was sold.<br /> <br /> Doubt it, but we hold out hope.<br /> <br /> As you already know, your odds of winning this week’s record Power ball jackpot, or any other combination of numbers, are pretty bad.<br /> <br /> How bad? Like one in more than 292 million bad. Or put another way, barely better odds than having your name randomly pulled from a hat filled with the names of everyone in the US.<br /> <br /> But you’re an optimist, right? I say that and you figure I’m telling you there’s a chance. And behind every game of chance is some fascinating math. <br /> <br /> Power ball is like normal lottery with a twist. You pick five numbers— ranging from one through 69—which pop up as white balls in the eventual drawing. A final, yellow Power ball only ranges from one to 26, but always comes last.<br /> <br /> The one-in-292-million odds come from all the different combinations you can win by picking the right five white balls—in any order— out of a drum of 69.<br /> <br /> “Multiplied by 26, because for every five-ball combination you’ve got 26 different associated Power balls,” says University of Buffalo statistician Jeffrey Miecznikowski.<br /> <br /> And for the jackpot, those odds never change. Your odds of winning this week’s $1.6 billion (and counting) jackpot are exactly the same as they were of winning in November, when the pot was a mere $40 million.<br /> <br /> Which means—at the very least—you’re better off buying a ticket now than you were then.<br /> <br /> This gets into something statisticians call “expected return.” <br /> <br /> Simply put, this is your odds of winning multiplied by the potential payout. If the odds were perfect, and you could never lose, then the expected return would be $40 million: a fantastic investment.<br /> <br /> If you buy one Power ball ticket, giving you a one in 292 million chance of winning $1.6 billion, your expected return is almost $5 on that $2 ticket—a great investment.<br /> <br /> But wait: Power ball’s expected return is actually way, way lower than that.<br /> <br /> How low? First off, you only get $1.6 billion if you accept the payout over 30 years.<br /> <br /> If you want it all at once, your bounty drops to $868 million. <br /> <br /> Then you gotta pay taxes. I’m going to assume you’re not already rich, and therefore do not have a cabal of Randian lawyers standing between your money and the government.<br /> <br /> Which means you’re losing about 40 percent at the federal tax rate.<br /> <br /> Oh and also, the IRS withholds an extra 25 to 28 percent because you struck it rich gambling!<br />

Read the full article at http://digital.zoompubs.com/article/Didn%E2%80%99t+Win+The+Billion%2B+Bucks+In+The+Powerball+Lottery%3F+Here%E2%80%99s+Why/2370519/287450/article.html.

Local Observer Making It Easier To Advertise, Get Terrific Ad Rates For The Upcoming Fall & Winter Seasons

In an ongoing effort to make it easier for advertisers to find out more about our low rates, special discount ad package deals and more from our various print, email &amp; text advertising businesses, the parent company of The Local Observer - Perspective Media Corp. - will now provide a 24/7 telephone number so you can immediately reach one of our operators so we may serve you better and more quickly.<br /> <br /> All you have to do is call (269) 244-3744 - and our operators will quickly link you to the person who is best able to answer all your advertising questions.<br /> <br /> We can immediately email, text or fax you all our advertising rate sheets, answer your questions and give you the best advertising deals in all of West Michigan.<br /> <br /> CALL: (269) 244-3744<br />

Read the full article at http://digital.zoompubs.com/article/Local+Observer+Making+It+Easier+To+Advertise%2C+Get+Terrific+Ad+Rates+For+The+Upcoming+Fall+%26amp%3B+Winter+Seasons/2370520/287450/article.html.

Mill Pond Realty, Inc.

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