re: Cashier at store told me one guy has spent $4000 on Powerball

quote:

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The ROI on the lottery, a loss of 95 cents for every dollar invested, makes my .05% checking account look like a 30 year T-note

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That is actually false when the jackpot is this high. Obviously you should factor in multiple winners, but with the jackpot this large and a single winner the expected value, after accounting for taxes, is approximately $.09.