Worth the Money

Huh, so I am vidicated (sort of) for my minor lottery addiction (a.k.a. the white trash retirement plan). There is an article for the Philadelphia paper that says the bigger the jackpot the more logical it is to buy a ticket. Mathematically speaking, the bigger a jackpot gets, the closer each ticket’s value approaches $1 which is what you pay for each bet. To figure out the dollar value of each bet you divide the jackpot by the # of combinations. So the current Mega Millions jackpot is 250 million bucks and the combos are 176 million so each ticked is actually worth about 70 cents. Wow! That is practically a steal. It's almost like I'd be LOSING money if I didn't go out and buy more tickets!

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