Discussion in 'Off Topic Discussion' started by Hudson, Nov 10, 2007.
At 20 bucks it seems like a waste.....
NY had one of those back in June. My sister & I have an agreement that we don't buy gifts for each other, but I bought her a ticket since I always feel guilty on my birthday that my nephews "bought" be a gift. Great gift - she lost..not even one number
so that's a no......... even with the 1 in 13000 chance?
fuck yea buy a ticket, hell buy 5 of them. im a big fan of the fools tax
I almost never buy lottery
maybe twice a month and then only 5 bucks.
I don't get games of chance including gambling
NY's had some ridiculously low odds as well. This is my philosophy - there's usually about $20 a week that I've pissed away and can't really account for, so if I piss away $20 on a lottery ticket, at least I know where it went and who knows, I might actually win.
Go for it!
Poker now thats a game
Twice a month is hardly ever? What the fuck? Hudson, are you in denial? Do you need an intervention? :icon_mrgr
So, If they sell all the tickets, the state keeps about 1.43 million dollars from the ticket sales.
They rake in probably close to another half million in taxes also.
Good deal for them... Sell 3 million dollars worth of tickets and keep more than half the money.
It's your basic 50/50 drawing
$1,000,000 1 1:150,000
$100,000 5 1:30,000
$10,000 5 1:30,000
Factor in taxes:
$600,000 1 1:150,000
$60,000 5 1:30,000
$6,000 5 1:30,000
$600,000 1 1:150,000 x $20 = $600,000 : $3,000,000
$60,000 5 1:30,000 x $20 = $60,000 : $600,000
$6,000 5 1:30,000 x $20 = $6,000 : $600,000
Pays : Takes
So in other words it takes more than twice what it pays out (after taxes, lesser prizes not factored in). I would advise against this gamble.