Re: The lottery. The odds.
It becomes +EV at $100,000,000 if you ignore taxes, multiple winners and the delayed payment/lump sum penalty. I made a quick guess of $150,000,000 after factoring in taxes and multiple winners.
I ignored delayed/lump penalty. I'm guessing that delayed payment is a better deal than taking the lump sum penalty. Lump sum pays out about 60% which makes it necessary for the jackpot to be $270,000,000. I'm going to take a wild guess and say the +EV jackpot amount if you take the delayed payment is less than $250,000,000.
Lump sum might be a better deal if you buy a large amount of tickets that you could write off as losses and save on taxes.
Either way, I start buying at $150,000,000 because the enjoyment I get from that $1 is easily worth it.
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