re: #58 freetoken
Better hurry, your riches await:
Powerball jackpot climbs to $455 million for Saturday drawing
Hmmm… let’s see, $269 divided by 292 is $.92, still less than the cost of a ticket.
Sure, there are smaller winnings that are more numerous, so the expected value of a ticket is a bit higher than $.92, but not much.
The cost of a ticket is $2.
If the jackpot ever gets to a billion dollars, then I’ll buy a ticket.
What, are you buying 292M tickets? Of course lotteries are a way for governments to earn money off the poor that I don’t like, but at the same time, your return on winning $292 is not $.92 per ticket.