Couple questions on my mind. First- Powerball was estimated at 1.4 billion for last Wednesday’s drawing and nobody won it. Now the estimate is the same? I would expect that it should go up as lots of people (me included) only lose control and buy a ticket win the jackpot gets to record levels. What gives? Second- is there data available for how much money is going into the lottery? It seems like the draw game jackpots are climbing a lot faster now and the drawing are 2 to 3 time more frequent. That fact should keep the jackpots from getting so big. If there is data available I think I could make an economic indicator with it….
It’s just that the estimate stayed exactly the same. I would think that it would’ve made it to at least 1.5 by the next drawing.
I admit I bought 5 tickets for the last drawing; I didn't hit one number. I guess when the odds are 300 million to one you can't be too optimistic.
The question becomes -- what is the reward in payoff after taxes versus the risk odds. On the other hand, the only way to keep the wife happy is having her buy lottery tickets when the jackpot is big. She has visions of living in a house the size of Biltmore after winning.
%% LOOKs like you're maybe better off than average lotto loser buyer. How so?? Average lotto loser doesn't know lotto= is a stupid tax on people that cant do math. Congrats, Mr Long , on admission of loss. I asked a lotto buyer , in line @ gasoline station ''ever won anything??'' He says, buying more lotto tickets ''NO,[wins] but came close ''LOL Millionaire Mind [Dr Stanley book] had another great point against lottery; waste of time /in which could have made money.................................