The bigger number gets more attention, and Grief said lotteries have taken that approach for decades.
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Here’s why: Your expected return on a $2 Powerball ticket is equal to just $1.05, according to Victor Matheson, professor of economics and accounting at the College of the Holy Cross in MA.
With the Powerball jackpot climbing into the billions, Rebecca Hargrove, president and CEO of the Tennessee Lottery, chose to tackle the issue of a billboard’s inability to display an amount that great.
In other Lottery news, here are a few stories on MLive.
Lustig, a grandfather, knows all about winning big, but says his first tip is to not spend your last two dollars playing.
Joanne Adams agrees, “I feel we would help the schools in Alabama rather than bringing it to Florida or Louisiana”. “There’s no doubt it does increase our business, but I was expecting a lot more considering the lines of customers waiting to buy tickets”, Dhaliwal said.
The jackpot continues to grow as more and more players play the odds for the highest lottery prize ever awarded in the USA, the Michigan Lottery reported.
The logo for the multi-state lottery Powerball.
The numbers drawn at 7:59 p.m. were 16, 19, 32, 34, 57, with the Powerball number 13.
Samir Akhter, the owner of Penn Branch Liquor, exchanges money for Powerball tickets, Saturday, Jan. 9, 2016 in Washington. Tickets expire one year after the game’s drawing.
Go anywhere on the internet, he said, and it won’t be hard to find tips to improve your odds.
Still, statistics experts say the astronomical odds of winning are a bit better if you let the computer pick the numbers, rather than choosing them yourself.
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“It’s been fun, but somebody needs to win”, Thornbrugh said. While you’d make back some of your investment on smaller prizes paid for matching three, four or five numbers plus the Powerball, chances are it still isn’t a good bet.
