Montana Millionaire....should I buy a Ticket?

Kris_LTRMa

LoseTheRadio.net's Ma
#2
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
 

Hudson

Supreme Champion!!!!!
Donator
#3
so that's a no......... even with the 1 in 13000 chance?
 

THE FEZ MAN

as a matter of fact i dont have 5$
#4
fuck yea buy a ticket, hell buy 5 of them. im a big fan of the fools tax
 

Hudson

Supreme Champion!!!!!
Donator
#5
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
 

Kris_LTRMa

LoseTheRadio.net's Ma
#6
so that's a no......... even with the 1 in 13000 chance?
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!
 

BravoSierra

Why do people keep calling me?
#9
I almost never buy lottery
maybe twice a month and then only 5 bucks.
Twice a month is hardly ever? What the fuck? Hudson, are you in denial? Do you need an intervention? :icon_mrgr
 

Your_Moms_Box

Free Shit / Socialism 2016
#10
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
 
#11
$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
1:3
+1:10
+1:100

Total Ratio
1:2.26

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.
 
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