"You're paying for this feeling that you have that that you could hypothetically win, and it's not actually going to happen. "Lottery tickets in my view would belong in the entertainment budget," Alexander said. Just be sure to include it in the correct budget category. So this is extremely long odds," mathematician Kenneth Alexander said.Īlexander says he hasn't played the lottery in at least a decade, in part because he's well aware of how the numbers play out.īut he does say playing isn't all bad. "I like to point out that if you'd been buying 2,000 tickets a week since the time of Jesus there's a better than even chance that you wouldn't have won yet. There's about a 1 in 300 million chance of winning the Powerball or Mega Millions. You're more likely to get struck by lightning, get killed by a shark or be canonized as a saint. Are you feeling lucky? Monday's Powerball jackpot sits at an estimated $900 million and Tuesday's Mega Millions drawing is at $640 million.īut your odds of taking home the big money in either game is slim.
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