Lotteries are a tax on people who are bad at math.
I always heard it was tax for poor people
It’s worse than that, if it were just insanely bad odds at a real pot, I wouldn’t blame people for dreaming.
Truth is nobody real ever wins these massive jackpots.
Can you math how a 1/300 million chance at 1.2 billion for $2 is a bad investment?
So, no?
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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