this post was submitted on 10 Dec 2023
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been meaning to do the math on this for a long time but never remember about it.
Turns out I saved $43,800 by not playing the local lottery every week since my first job.
potentially times that by seven because there seems to be a different lottery for every day of the week.
I'd like to check if my smartarse sequential number pick ever won in that time but finding the historical numbers is a bit more work than I could be bothered with right now.
I buy a lotto ticket when the Powerball gets ridiculous. Probably won't win, but I definitely won't if I don't get a ticket. A few bucks every year is worth that improvement from zero to non-zero.
You and many people, lowering your chances even more.
You are just donating money at that point.
I'm fine with donating like $5 every couple years. Also no, more people buying Powerball tickets doesn't reduce chances to win at all, it's not a raffle. The only thing that decreases with more players is, potentially, the payout assuming multiple winners.