Disclaimer: I’m not a lawyer or accountant. Check my work and your own situation before spending money on lottery tickets. I think the calculations are correct. The Powerball is a lottery that exists in almost all American states. On Monday, November 7, the jackpot is worth $1.9 billion dollars. That figure refers to the prize you would receive if you chose to receive an annuity payment from the lottery. The lottery also lets you claim a lesser lump sum amount instead, which you get upfront. Most experts think this is the right move. On November 7, the lump sum is $929 million. (That figure can change if there are more or fewer tickets sold than expected).
hey! i really enjoyed your work. is there a well-defined point at which the lottery might be considered to have a positive expected value, given the qualifying factors and caveats you point out? (obviously) the line for that is when the expected monetary value crosses the $0.00 threshold, but is there a particular dollar value that the winning numbers of a powerball draw would need to be at in order for it to have a positive expected value? thank you for writing your article! i look forward to your next one.
hey! i really enjoyed your work. is there a well-defined point at which the lottery might be considered to have a positive expected value, given the qualifying factors and caveats you point out? (obviously) the line for that is when the expected monetary value crosses the $0.00 threshold, but is there a particular dollar value that the winning numbers of a powerball draw would need to be at in order for it to have a positive expected value? thank you for writing your article! i look forward to your next one.