it is possible to guarantee a jackpot-winning Lottery ticket. here's how:
at the time of this writing, the odds of winning the powerball jackpot are roughly 1 in 292,201,338 (that’s right – almost the entire population of the u.s.). tickets cost us$2 each. therefore, to purchase every possible number combination, you must spend at least us$584,402,676. assuming that you will immediately lose roughly half of your winnings to taxes, it is necessary for the jackpot to be more than us$1,685,805,352 before you might make a dime. (so, for example, if the prize is us$1,685,806,352, you might take home as much as us$500.)
the odds of winning the megamillions jackpot at the time of this writing are roughly 1 in 259,000,000. tickets cost us$1. therefore, to purchase every possible number combination, you must spend at least us$259,000,000. since you will lose roughly half of your winnings to taxes, it is necessary for the jackpot to be more than us$520,000,000 before you might make any money. (once again, the actual prize amount less your ‘investment’ and taxes determines your likely net.)
discouraged? it gets worse: the folks who run the lotteries rig the games in their favor by increasing the odds against you by tens of millions at least once each year. every state that jumps aboard the lottery train jacks those odds, too.
so - unless you already have enough money that you don’t have any reason to play – buying a Lottery Ticket has the same result as setting your money on fire.
at the time of this writing, the odds of winning the powerball jackpot are roughly 1 in 292,201,338 (that’s right – almost the entire population of the u.s.). tickets cost us$2 each. therefore, to purchase every possible number combination, you must spend at least us$584,402,676. assuming that you will immediately lose roughly half of your winnings to taxes, it is necessary for the jackpot to be more than us$1,685,805,352 before you might make a dime. (so, for example, if the prize is us$1,685,806,352, you might take home as much as us$500.)
the odds of winning the megamillions jackpot at the time of this writing are roughly 1 in 259,000,000. tickets cost us$1. therefore, to purchase every possible number combination, you must spend at least us$259,000,000. since you will lose roughly half of your winnings to taxes, it is necessary for the jackpot to be more than us$520,000,000 before you might make any money. (once again, the actual prize amount less your ‘investment’ and taxes determines your likely net.)
discouraged? it gets worse: the folks who run the lotteries rig the games in their favor by increasing the odds against you by tens of millions at least once each year. every state that jumps aboard the lottery train jacks those odds, too.
so - unless you already have enough money that you don’t have any reason to play – buying a Lottery Ticket has the same result as setting your money on fire.
