The Mega Million Jackpot on March 30, 2012 was up to $640 million dollars, a world record high. Previously the largest jacpot was $390 million dollars. The draw was too high; you were imagining what you could do with $640 million dollars. The things you could do, the places you could go, the adventures!
Guess what, a lot of other people were dreaming of those same adventures. Or at least different adventures with that same money. People have spent hundreds personally buying tickets and collectively millions. One cafe worker in Arizona sold $2,600 worth of tickets to the same person. Hopeful people stood in line for up to 5 hours to get their tickets.
The winner of tonight’s drawing can get a lump sum or a yearly payout. The total after taxes for the lump sum is $462 million dollars.
The odds of you winning the lottery?
“You are about 50 times as likely to get struck by lightning as to win the lottery, based on the 90 people a year getting struck by lightning,” Catalano said. “Of course, if you buy 50 tickets, you’ve equalized your chances of winning the jackpot with getting struck by lightning.”
(This writer has been struck by lightning, maybe I should have invested in some lottery tickets)
Based on other U.S. averages, you’re about 8,000 times more likely to be murdered than to win the lottery, and about 20,000 times more likely to die in a car crash than hit the lucky numbers, Catalano said.
Another mathematician talks about more odds of winning:
Aaron Abrams talked about the long odds of winning (about 1 in 176 million). “That means you’re about 100 times more likely to die of a flesh-eating bacteria than you are to win the lottery,”
So, you just lost the lottery. That’s ok, so did almost everyone else. Think about why you purchased the ticket in the first place. You want to be rich. Again that’s ok, almost everyone else wants to be rich too, and if you’re already rich you most likely aren’t playing the lottery. In fact, that’s why many sources call the lottery a tax on the poor. The lottery is a form of voluntary taxation. The money goes from you to the state and you’re 50 times more likely to be struck by lightning then to get a large personal return.
You lost the lottery and you were taxed without realizing it. It’s ok, it is the weekend now after all!
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