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The Powerball Lottery is at a record High, I'm wondering if anyone knows if it has reached +EV status to buy a ticket? I know you still need to factor in the chances of a divided jackpot.
Link:
http://www.cnn.com/2005/US/10/18/pow....ap/index.html
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Also factor in that the jackpots are paid out over a several year period. Money you are going to get several years in the future is worth much less than money you have today, making the jackpots worth significantly less than the numbers you see quoted in the headlines.