Thanks. I appreciate these kinds of posts. And that’s because I normally avoid lotteries. They are a sucker’s bet. But when the jackpot gets high enough, perhaps it’s not a sucker’s bet anymore. Perhaps the math now favors the bettor.
One of these days I’m going to work out the math. But not now. I’ve got a few Powerball tickets to buy.
Again, thanks.
“They are a sucker’s bet.”
Maybe. If you buy them in order to win, it is always a sucker’s bet, because the odds of you winning (as opposed to the odds of someone winning) are infinitesimal. If you buy them to experience the thrill of the possibility of winning and what that would be like, then you are paying for entertainment, like buying a movie ticket to experience what it would be like to pilot a fighter jet.