Re: Is playing PowerBall currently +EV???
Yap. You are missing Federal, State, and Local taxes. You are also missing the fact that you don't get $340 million. You get a twenty year annuity with a present value that is worth far less, or a big discounted lump sum (minus the previously mentioned Federal, State, and Local taxes). You are also not factoring in the small chance of someone else winning and splitting the prize.
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