St. Phatty
Active member
Mega Millions at $868 Million ?!
OR state lottery at $8.4 Million.
What are the odds of the jackpot going un-won so many times ?
3-45-49-61-69 9 x5 were the numbers for Mega Millions.
I don't understand the x5, it's a 5+1 number system.
2-3-17-19-23-38 were the numbers for Mega Bucks.
It's a 6 number system.
Someone at ICMag told me the odds for Megabucks was 1 in 12.5 million. You get 2 draws for the $1.
Of course, pay-out is only 55% to 60%, so with these huge jackpots, the pay-out for Mega Millions is only about $500 million.
That is above even. So if you had a corporation, trust, or LLC or something set up to avoid taxes - and could play thousands or millions of numbers, without paying someone to stand there feeding $1 bills to the machine - you might have a positive return.
In any case, I'm desperate enough to spend $5 or $20 playing MegaMillions.
If it's not won, the claimed jackpot will go over $1 Billion, though with 'only' a $700 million payout.
Can anybody here figure out the odds of the Jackpot going un-won ?
OR state lottery at $8.4 Million.
What are the odds of the jackpot going un-won so many times ?
3-45-49-61-69 9 x5 were the numbers for Mega Millions.
I don't understand the x5, it's a 5+1 number system.
2-3-17-19-23-38 were the numbers for Mega Bucks.
It's a 6 number system.
Someone at ICMag told me the odds for Megabucks was 1 in 12.5 million. You get 2 draws for the $1.
Of course, pay-out is only 55% to 60%, so with these huge jackpots, the pay-out for Mega Millions is only about $500 million.
That is above even. So if you had a corporation, trust, or LLC or something set up to avoid taxes - and could play thousands or millions of numbers, without paying someone to stand there feeding $1 bills to the machine - you might have a positive return.
In any case, I'm desperate enough to spend $5 or $20 playing MegaMillions.
If it's not won, the claimed jackpot will go over $1 Billion, though with 'only' a $700 million payout.
Can anybody here figure out the odds of the Jackpot going un-won ?