“This is a very exciting event, and I think it’s going to be a big event,” said Larry Deere, the director of business development at The Israel Fund, a Washington-based nonprofit group.
“There’s no way that this money is going to go to the people who will use the prizes, or to any charity that’s going through this.”
The $5-million Powerball jackpot has been on a roll since its inception in May of 2016.
The prize, estimated to be worth about $2 billion, is worth an estimated $100 billion in U.S. lottery winnings.
The Israel Fund estimates that more than $8 billion of the total $11 billion jackpot will go to charity.
But Deere said he’s worried about the charity portion of the $5.6 billion Powerball prize, which will be used to benefit some of the country’s most vulnerable residents, including the homeless, children, and pregnant women.
“We are worried about how that’s being spent,” he said.
“The idea of giving a billion dollars to these people who are homeless, who are not working, or who are pregnant women, and then they’re going to use the money to buy the tickets that they’ll be playing, I think that’s really wrong.”
A spokeswoman for the Israel Fund did not immediately respond to a request for comment.