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Cash value Tickets Per ticket Game Date Location Notes 1 $2.04b $997.6m 1 $997.6m Powerball: Nov 7, 2022 CA: Largest jackpot for a single ticket; largest cash value for a single ticket. [7] Due to technical difficulties, the November 7, 2022, draw did not take place until the morning of November 8. [8] 2 $1.765b $774.1m 1 $774.1m Powerball Oct ...
For example, in the 6 from 49 lottery, given 10 powerball numbers, then the odds of getting a score of 3 and the powerball would be 1 in 56.66 × 10, or 566.6 (the probability would be divided by 10, to give an exact value of ).
The reason is that lottery tickets cost more than the expected gain, as shown by lottery mathematics, so someone maximizing expected value would not buy lottery tickets. People buy lottery tickets anyway, either because they do not understand the mathematics, or because they find the thrill and fantasy of becoming wealthy to be worthwhile.
The winning numbers were 3, 7, 37, 49, 55 and gold Mega Ball 6 and the cash value of the jackpot is estimated to be $549.7 million, according to the lottery.
The current value of $120,000 minus your contribution of $100,000 is $20,000. $20,000 divided by your contribution of $100,000 is .02, times 100 is 20. Your rate of return is 20%.
The next estimated grand prize is a gargantuan $1.15 billion, with a cash option of $516.1 million, lottery officials said. It would be the fifth biggest Mega Millions jackpot ever if someone wins.
The first modern government-run US lottery was established in Puerto Rico in 1934. [8] This was followed, decades later, by the New Hampshire Lottery in 1964. Instant lottery tickets, also known as scratch cards, were introduced in the 1970s and have become a major source of lottery revenue.
Winning lottery numbers are sponsored by Jackpocket, ... The jackpot remained unclaimed yet again and soared to $670 million, with a cash value of $317.8 million.
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