I came a cross a great article about the Powerball Lottery that answered a few things I always wondered about the lottery.
- You have a 1 in 292.2 million chance of winning with one ticket. The same as your odds of flipping a quarter and getting heads 28 times in a row.
- No one has won the Powerball jackpot since early November, which is why the prize has grown so large.
- If you have extra cash and are thinking of buying all possible number combinations, that is allowed, but it wouldn’t be very smart. At $2 a ticket, the strategy would cost about $584 million, and when taxes are subtracted, you’d end up losing money.
You can read the full article here…