Can you math how a 1/300 million chance at 1.2 billion for $2 is a bad investment?
So, no?
Taxes + multiple winners + inflation. You're not getting $1.2 billion, you're getting like $200 million at the end of all the averages. Also more than $1.2 billion in tickets is sold. Far far far more. So yes, you could win. That's t chance. However it's not just 1/300 million at the end of the day.
Well first of all it's a gamble, not an investment.
All investment that isn't insured is gambling. The shittier odds are generally more transparent.
If it were truly 1:300million odds then people with $300 cash would just buy all the combos. They don't. That itself should prove to you how stupid it is.
The labor of covering the mega millions spread plus like you mentioned, multiple winners, taxes, and state lottery commission portion, prohibits covering all data points. If you could buy 6 million lottery tickets per hour, 12 hours a day you wouldn't cover every number between drawings and even if you could you would have to wait for a billion dollar jackpot because the tickets are $2 ea.
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