The Mega Millions jackpot is now at $785 million, making it one of the very few jackpots in the history of lottery games to surpass the half-billion dollar threshold.
The following drawing is scheduled to take place on Tuesday evening.
Osmond, a native of Connecticut, decided to stop purchasing lottery tickets more than a decade ago.
After he lost almost one million dollars playing a variety of games, including scratch-offs and draws.
According to what he said to MarketWatch, his addiction caused him to lose his job (he owned two gas stations), his house, and almost any chance.
Osmond, who eventually sought therapy for his addiction, shared his experience.
"When you speak about reaching bottom, I struck the worst of bottom."
He is now employed as an accountant for the housing department of Connecticut, and in his spare time.
Osmond's experience may be an extreme one, but it's not wholly rare.
The combined sales of state lotteries are projected to approach nearly $90 billion by the year 2020.
At the same time that the popularity of state lotteries has increased.