Here, 10 curious need-to-know tidbits regarding the big Mega Millions lottery — and lotteries in general:
An economist says this Mega Millions is actually “a good bet.”
The odds of winning the lottery are roughly 1 in 176 million. But after doing the math this time around — including tabulating the odds of winning and splitting the prize with others as well as subtracting taxes and lesser-prize payouts — an economist named Stephen Bronars bloggedthat it makes sense to play Mega Millions this week. In his estimation, right now the “expected value of a Mega Millions ticket is about $1.23.”
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