Any Trader Worth Their Salt Will Buy Mega Millions Ticket

Discussion in 'Trading' started by HurricaneUS, Mar 30, 2012.

  1. Risking $1 to make $540 million before taxes is a no brainer......duh

    ...and for those that plan to rake me over the coals about expectancy....

    I've calculated the expectancy to be $0.00307 with 1 in 176 million odds of winning......

    Pathetic...but still worth the risk in my opinion

    Edit: Expectancy is actually 2.07 which is pretty damn good
  2. I levered my $1 up 20 times - I'm feeling lucky:D

    ...also I'm in the camp of not caring about expectancy wrt the lottery given the utility of winning. 2c.
  3. So is it just $1 for the big jackpot? WTF is that megaplier number?
  4. I think the megaplier increases the winnings of the lower jackpots, as in hitting 5 out of the six numbers and getting a larger payout than the available one.
    Instead of paying a dollar for a number(ticket), they charge two dollars per number... increasing the winning payout lower prizes only.
  5. Edit: Expectancy is actually 2.07 which is pretty damn good
  6. I know some people. What's the odds of them winning and giving me a piece? Meanwhile I'll save a dollar, plus I won;t have to deal with beggars if I bought a ticket and won.
  7. terr


  8. It's amazing... how many "friends" you have... that you didn't know you had... once it's known you came into some big money...

  9. GTS


    Its $540M if taken over 26 years, $390M (pre-tax) if you go for the lump sum option...

    My after-tax lump-sum payout would be ~$250M, still worth it I guess:
  10. S2007S


    Gotta Love New Hampshire


    New Hampshire: No State Tax on Lottery Prizes!
    Your net per year: $15,576,923 Your net payout: $292,500,000
    After 26 payments: $404,999,998
    #10     Mar 30, 2012