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You can estimate the number of buyers. You can also clock how long it takes to sell tickets at gas stations and calculate a theoretical maximum because you can
by busterarm 6y ago
You can estimate the number of buyers.
You can also clock how long it takes to sell tickets at gas stations and calculate a theoretical maximum because you can get all of the selling locations.
- bryanlarsen 6y agoIt's straightforward to calculate the number of buyers of a lotto given the before and after size of the jackpot, the number of winners of each prize and the formula by which the jackpot increases per buyer. All of this is public information, it's just that it's not known until after the lottery is over. But the number of buyers in the past is a great predictor of the number of buyers in the future for a given jackpot level.