Powerball? Think again.


Here’s a great summary of the expected return on a Powerball ticket *even when a big jackpot is in play*. I have not checked the math but assume he’s done his homework to note that it’s not a good idea to buy tickets even when, as is the case at this moment, a huge jackpot is in play (unless the lottery has proportionate entertainment value for you).

Note that the before tax returns might actually be positive in extraordinary cases (as I think exist right now), but after Uncle Sam nabs his chunk of huge winnings you’ll be down on this “investment”.