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It's missing some prior work. When the jackpot gets higher, more people play, and the number of winners expected to split the prize increases. You can do the EV
by lern_too_spel 2y ago
It's missing some prior work. When the jackpot gets higher, more people play, and the number of winners expected to split the prize increases. You can do the EV calculation using historical purchase data. https://phaethonprime.wordpress.com/2015/10/24/mega-millions-isnt-even-a-reasonable-rip-off/ https://phaethonprime.wordpress.com/2015/10/24/mega-millions...
- hinkley 2y agoBut a fraction of the ticket sales are also rolled back into the lottery. These people won when it was almost 4:1 payout.