[General] Lotto Run?

[Jake McArthur]

I think if it is not a tax it is something even worse. It encourages and
exploits people's irrationality.
On Mar 29, 2012 8:52 AM, "Matthew H" <hendrix04 at gmail.com> wrote:

> Can you call it a tax when it isn't mandatory? Don't think so... I
> really hate the "The lotto is a tax on the poor" bullshit.
>
> On Thu, Mar 29, 2012 at 7:55 AM, Jake McArthur <jake.mcarthur at gmail.com>
> wrote:
> > State lotteries have negative expectancy. Always. If they didn't, there
> > would be no reason for the states to have lotteries. They aren't
> charities.
> > They are taxes on people who can't do the math or who don't read the
> rules.
> >
> > On Mar 29, 2012 6:19 AM, "David" <ainut at knology.net> wrote:
> >>
> >> BUT, if other people also had the winning numbers, they all split it,
> >> AIUI.
> >>
> >>
> >>
> >> Devin Boyer wrote:
> >>
> >> "A jackpot-winning ticket must match all five numbers drawn from a pot
> >> containing 56 balls and then match the Mega Ball, which is drawn from a
> pot
> >> containing 46 numbers. Odds of winning are almost 176 million to 1. Each
> >> ticket costs $1."
> >>
> >> If I'm reading this right (too lazy to crunch the numbers) for $176
> >> million, you can buy one of every ticket.  Because "Friday's $476
> million
> >> prize is payable as an annuity over 26 years," it seems like it would
> make
> >> for a decent return-on-investment.
> >>
> >> If only I had the $176 million...
> >>
> >> On Wed, Mar 28, 2012 at 8:22 AM, Wayne Neumaier <wneumaier at gmail.com>
> >> wrote:
> >>>
> >>> Any plans for a ticket run up to Tennessee?
> >>>
> >>>
> >>>
> http://news.blogs.cnn.com/2012/03/28/mega-millions-jackpot-hits-record-476-million/?hpt=hp_t3
> >>>
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> >>
> >>
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