> What kills me are the people who buy 1000 dollars in tickets thinking they are increasing their odds by some big amount.
Actually the odds of hitting the grand prize are 1 in 175,223,510
Prizes routinely get up over that number…
Counting taxes and other factors though, at some point it would be a guaranteed payoff to buy every single number combination, and take home the grand prize guaranteed (provided you could afford to do that in the first place… takes money to make money… oh, and pray you don't have to split it with another winner).
Fingering they cut the winnings about in half when you take the cash option, and guestimating about 50% tax rate… you'd have to wait for a kitty of about 700 million… the largest ever was 30 March 2012 of 636 million.
But if it ever gets up over 700 million, I say we all get together and do this… and then split the profits… so, doing the math, probably about 70 of us… divided into 700 million, so… who's good for 10 million up front for the hope of turning that into 1/70th of maybe another million dollar profit after taxes and expenses?
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