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Funny you say that. There’s about 300 million possible numbers so at $2 per ticket you only need to win over $600 million for the lottery to be plus EV. Factor in 37% tax (which is what Google says is the average rate, but may be different depending on state) you “only” need a jackpot of about 950 million to profit.
Funny you say that. There’s about 300 million possible numbers so at $2 per ticket you only need to win over $600 million for the lottery to be plus EV. Factor in 37% tax (which is what Google says is the average rate, but may be different depending on state) you “only” need a jackpot of about 950 million to profit.