“Statistically, the expected return on a $1.00 lottery ticket with a jackpot of 233 Mil and odds of 176 mil:1 is $1.33 (assuming only 1 winning ticket).”
Not a lottery expert, but large winnings are also paid out over what looks like 26 years.
$1 now for $1.33 returns over 26 years isn’t a great investment, imo.
If you elect for the lump sum payout, you get far less than the advertised jackpot.
(edit: yeah, yeah, I know I’m late to the party, but people seldom mention the part about the lottery effectively being the chance to receive a very low interest rate bond.)
