OK, I’m mathematically confused again about whether there are unusual times when the *after tax expected return on a lottery ticket can be > $1*
Powerball website reports these odds for the Grand Prize: 1 in 146,107,962.00
I assume an extension of this means that you could *guarantee* a winning grand prize ticket if you bought a ticket with *every single possible combination*. This would cost $146,107,962. Now, the recent payout was way above this, about 341,000,000. Even with a tax bite of 50% if you were the *only winner* you’d be way ahead. However, if there were other winners you’d have to share but I’m not clear that the previous analysis I noted had taken a prize of this size into account.
So, anybody out there willing to lend me $146,107,961 ? I *promise* to split the winnings with you!