What’s the expected value of your Powerball ticket?

As the Powerball jackpot grows to over $300 million, we start to wonder if maybe buying a ticket is “worth it.” While the lottery is “worth it” in that ticket sales goes to things like state education, buying tickets is typically not worth it for yo because the projected payoff is far less than the ticket price. Continue reading “What’s the expected value of your Powerball ticket?”