Against the Odds: Examining the Lottery Industry

The lottery is the oldest and one of the most mainstream forms of legalized gambling today. Powerball lottery tickets are now sold in 31 states and 12 states participate in MegaMillions. So, what are your chances of winning big in the lottery? It turns out, not as slim as you may have thought.

Examining the Lottery Industry

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  • save you dollers…number seems very slim

  • Alex

    They should go by expected value instead…

  • bruce wayne

    Jack Lucky, Learn to speak standard English

  • Well the odds are still very slim but there is always that little ray of hope that drives us to purchase these tickets through out our entire life.

  • For a dynamic analysis of the MegaMillions drawing (updated after each game) check out http://www.vnutz.com/megamillions_lottery