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So should you spend money on lottery tickets?That's right 1 in almost 176 million!For example, if you would whats the chances of winning on a scratch card normally spend 150 each year on lottery tickets, consider putting that how to redeem google play card in saudi arabia money instead in an investment that yields an 8 return.However, the odds against that happening to you are astronomicalliterally.For example, the popular Mega Millions multi-state lottery has odds of approximately 1 in 175,711,536.If the odds are so bad, why do so many people spend money on lottery tickets?
If you were to buy one lottery ticket each week in such a scenario, you could expect to win once every 269,000 years.
Listen, a lottery is a gambling game that's used to raise money.In a lottery in which you pick 6 numbers from a possible pool of 49 numbers, your chances of winning the jackpot (correctly choosing all 6 numbers drawn) are 1 in 13,983,816.That's a great question.Some might consider that a lottery win in itself!That's 1 shot in almost 14 million.Over the course of 40 years, that yearly investment could be worth more than 38,000.Did you get it?So what are your odds of winning the jackpot?
In 2007, two people split a 390 million Mega Millions jackpot, the world's largest jackpot ever.
Unfortunately, many lotteries have even worse odds than the scenario just described.