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Markets Jan. 4, 2018, 6:17 AM

We did the maths to see if it’s worth buying a Powerball ticket ahead of Wednesday’s $460 million jackpot drawing

The jackpot for Wednesday’s Powerball drawing is up to $US460 million. Though that’s a pretty big prize, working through the maths of how lotteries work suggests that buying a ticket is not a great investment. The low probability of winning and the risk of splitting the prize in a big, […]
We did the maths to see if it’s worth buying a Powerball ticket ahead of Wednesday’s $460 million jackpot drawing
Markets Dec. 29, 2017, 4:37 AM

We did the maths to see if it’s worth buying a Powerball or Mega Millions lottery ticket

The jackpots for both Powerball and Mega Millions are above $US300 million as of Thursday morning. Though that’s a pretty big prize, working through the maths of how lotteries work suggests that buying a ticket is not a great investment. The low probability of winning and the risk of splitting […]
We did the maths to see if it’s worth buying a Powerball or Mega Millions lottery ticket
Markets Aug. 24, 2017, 8:37 AM

We did the maths to see if it’s worth buying a Powerball or Mega Millions lottery ticket

The Powerball jackpot is above $US400 million and Mega Millions’ jackpot is above $US300 million as of Tuesday morning. Though those are pretty big prizes, working through the maths of how lotteries work suggests that buying a ticket is not a great investment. The low probability of winning and the […]
We did the maths to see if it’s worth buying a Powerball or Mega Millions lottery ticket
Markets Aug. 24, 2017, 1:10 AM

The $700 million Powerball jackpot is the second-largest in US history — we did the maths to see if it’s worth buying a ticket

The Powerball jackpot for...
The $700 million Powerball jackpot is the second-largest in US history  —  we did the maths to see if it’s worth buying a ticket

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