Post Profile

We did the math to see if it's worth buying a ticket for the $535 million Powerball jackpot

The Powerball jackpot for Saturday's drawing, after no one won on Wednesday, is up to $535 million as of 12:30 pm ET Friday. That is a pretty huge chunk of money. However, as we saw before Wednesday's drawing, taking a closer look at the underlying math of the lottery shows that it's probably a bad idea to buy a ticket. Consider the expected value When trying to evaluate the outcome of a risky, probabilistic event like the lottery, one of the first things to look at is expected value.
read more


Related Posts

Powerball Winning Numbers July 29: Jackpot Rises To $100 Million — Do You Have The Winning Ticket?

News : The Inquisitr - News

Hoping to win the $100 million Powerball jackpot on July 29? Match all six numbers in Wednesday night’s drawing and you may have a good excuse to call out of work on Thursday. The Powerball drawings takes place at 11 p.m. ET every W...

Powerball Winning Numbers August 19: Watch $80 Million Jackpot Drawing Live Online

News : The Inquisitr - News

Do you have the winning Powerball numbers for August 19? The jackpot now stands at $80 million — match all six numbers on your ticket and you will be an instant muti-millionaire. The Powerball drawing takes place every Wednesday and...

Powerball Winning Numbers Results May 6: $80 Million Up For Grabs — Are You The Jackpot Winner?

News : The Inquisitr - News

Did anyone win the Powerball $80 million jackpot on Wednesday night? Check your ticket to see if you have the winning numbers for the May 6 drawing — you may be the lottery’s newest multi-millionaire. The Powerball drawing takes pla...

Powerball Jackpot Climbs To $80 Million After Fourth Straight Drawing With No Winner

News : The Inquisitr - News

The Powerball jackpot climbed to $80 million, taking another step toward the nine-figure mark, after no ticket matched all six numbers drawn in Wednesday’s 43-state lottery game. The last jackpot was won five drawings ago, but with ...

Powerball Winner Carries Around Winning Numbers On $200,000 Ticket For Two Days Without Knowing She Won

News : The Inquisitr - News

With news about one winner taking home the Powerball jackpot on Wednesday, August 23, the Powerball website is also reporting stories of additional winners. Whereas more than nine million Powerball players won varying prizes worth m...


Copyright © 2016 Regator, LLC