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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  1. Jack Lucky's Gravatar Comment by Jack Lucky on December 24th, 2009 at 1:32 am

    save you dollers…number seems very slim

  2. Alex's Gravatar Comment by Alex on December 24th, 2009 at 11:03 pm

    They should go by expected value instead…

  3. bruce wayne's Gravatar Comment by bruce wayne on December 25th, 2009 at 7:41 am

    Jack Lucky, Learn to speak standard English

  4. DaveSpates's Gravatar Comment by DaveSpates on December 26th, 2009 at 1:29 pm

    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.

  5. mvea's Gravatar Comment by mvea on January 26th, 2010 at 1:12 pm

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

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