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Old 07-11-2005, 02:58 PM
Jeffage Jeffage is offline
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Join Date: Sep 2002
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Default Re: The lottery, The odds, and You

Wouldn't tax considerations always make the lottery negative EV? Say the prize is $200 million and hitting top prize is 150M-1 against. But you'll only see about $120 million after taxes. Or do you not take this into consideration?

Just curious because I have no idea (also, there is prob a way of determining the probability of a split depending on the number of tickets sold, right?).

Jeff
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