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Odds of winning are 1 in 292 million. So unless the odds were that the jackpot would be split 6 ways or more the tickets have a positive EV.
by fallingknife 5y ago
Odds of winning are 1 in 292 million. So unless the odds were that the jackpot would be split 6 ways or more the tickets have a positive EV.
- listenallyall 5y agoExcept that Powerball tickets cost $2 each, not one dollar as you were assuming. (And of course, taxes)
- fallingknife 5y agoYeah good point. Also delayed payout / lump sum discount.