Photo: New York Lottery
Millions of New Yorkers can’t resist the lure of a huge payout from scratch tickets, even though the odds are stacked against them.We asked statistician Matt Briggs to calculate the expected payout for every ticket in the state.
Not surprisingly, every one is a ripoff.
“The payout structure, the probability and expected rate of return—not much changes,” said Briggs. “They just change the shape of the card and the glitz, but the underlying mechanics stay the same.”
From best to worst…