The lottery is +EV

[JordanIB]

Good luck trying to avoid the taxes on a $120 million jackpot.

[ QUOTE ]
Hitting powerball is 120million:1. When the prize is over 120 million it is +EV if u assume that only 1 person will hit. Being +EV is not very exciting alone, especially when its absolute value is $.0000000000000001.

Later, Indy

[/ QUOTE ]

[sfer]

[cokehead]

Hey, I won $10. 2 numbers plus the mega number. now I can blow that $10 on tickets for fridays drawing.

[megantw]

[ QUOTE ]
I can expect to have like ~$11 MM after I win and pay taxes and all. What should I plan on buying? Is MC Hammer's old mansion in Fremont CA still for sale?

[/ QUOTE ]

1. Apartment that allows pets
2. DOGS
3. More bookshelves.

[B Dids]

NY- where you hit an 11M score and still have to live in an apartment.

[megantw]

UHOH!

[sfer]

[ QUOTE ]
NY- where you hit an 11M score and still have to live in an apartment.

[/ QUOTE ]

Apartment is a catchall in NY and can refer to renting or owning. But now is a pretty bad time to buy, methinks.

[Lottery Larry]

If you net $60M for a few dollars, would you REALLY consider the bet -EV?

If so, your standards are higher than mine.

[Lottery Larry]

Put in in the bank/investments and live off of the interest forever

[sfer]

[ QUOTE ]
Put in in the bank/investments and live off of the interest forever

[/ QUOTE ]

I get to live forever too?