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What If You Bought All 292 Million of the Possible Powerball Combinations?
The Atlantic ^
| 01-13-2016
| Andy Kiersz
Posted on 01/13/2016 7:17:01 PM PST by Kevin in California
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To: Kevin in California
My kind of luck, there would be 10 winners and I’d still lose money...
81
posted on
01/14/2016 4:19:47 AM PST
by
trebb
(Where in the the hell has my country gone?)
To: Defiant
The lottery is for the mathematically impaired until the jackpot rolls over to the breakeven point, where the value of the jackpot exceeds your odds of winning.
In the case of Powerball, with a ticket price of $2 and odds of 1 in 292,000,000, playing the lottery becomes a mathematically reasonable thing to do when the jackpot cash value exceeds $584,000,000.
82
posted on
01/14/2016 5:32:20 AM PST
by
E. Pluribus Unum
("The goal of socialism is communism." -- Vladimir Lenin)
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