Thread: Chiefs Mega Millions at $1.1 BILLION
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Old 07-30-2022, 11:14 AM   #157
El Lobo Gordo El Lobo Gordo is offline
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Join Date: Jan 2019
Casino cash: $1360340
Quote:
Originally Posted by DaFace View Post
Expected value calculations lose their meaning when you're talking about a 1 in 300 million chance.

Quote:
In some states, a special offer called Just the Jackpot is available. Jackpot players will love this exciting new wager type that allows them to play specifically for the jackpot only. At a price of $3, the player will receive two plays for the jackpot only. Just the Jackpot tickets are not eligible for any other prize levels. To see if the lottery in your jurisdiction offers this option, visit that lottery’s website (you can find links on our “Where to Play” page)
https://www.megamillions.com/How-to-Play.aspx

For this particular Jackpot...If you played that kind of ticket....Lived in a state with no income tax(you just have to pay the federal rate of 37%)......and assumed there would be 1.66 winners....every $3 ticket you buy is worth $1.86.

If you assume only one winning ticket will be sold, Every $3 ticket you buy is worth $3.11
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