2023-11-07 19:03:00

No, at $1.9 billion the Powerball still isnt a great deal

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MarketWatch
By Brett Arends

Moe, Larry and Curlys latest brilliant idea to retire in luxury is to buy as many Powerball tickets as they can ahead of tonights drawing.

Look, says Moe, as he explains the theory to me over a coffee. The jackpots up to $1.9 billion, right?

OK, I say.

And each ticket gives you a 1 in 292 million chance of winning? he adds.

I agree thats what the website says.

Read: When is the next Powerball drawing, and what are the odds of winning $1.9 billion?

So do the math! says Larry, butting in. A 1 in 292 million chance of winning $1.9 billion should be worth $6.50, right?

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I say I got his math. If you divide $1.9 billion by 292 million you get $6.50.

But a ticket only costs you $2, says Curly. So youre making a profit! A ticket costs you less than a third of what its worth!

OK, I say. But so what? Thats a profit of $4. Youre not going to retire on $4.

No, says Moe impatiently. Were not going to buy one ticket. Were going to buy hundreds. Thousands!

Continue read on marketwatch.com

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