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The odds of winning the minimum $38 MM payout in California are 1 in 42 million. The odds of a smaller payout are orders of magnitude higher. And you can play
by Judgmentality 7y ago
The odds of winning the minimum $38 MM payout in California are 1 in 42 million. The odds of a smaller payout are orders of magnitude higher. And you can play twice a week, instead of having to wait a minimum of 1 year between potential payouts. You're also allowed to buy other lottery tickets in that period of time.
To put things in perspective, of the dozens of people I know who joined startups, almost all of them felt the stock wasn't worth it.