'This has never happened before.' Powerball jackpot swells to $700M

Posted by hugenerd on Thursday January 07, 2016 @04:48PM
from the latimes.com dept.

http://www.latimes.com/local/lanow/la-me-ln-powerball-jackpot-675-million-20160107-story.html

( 2 comments | 2 points | on HN )

Re:'This has never happened before.' Powerball jackpot swell... by aliston on Thursday January 07, 2016 @04:58PM (#10861133)

If the odds are 1 in 292.2 million, doesn't this mean that the expected value is actually positive? If you had 292.2 million bucks, you could guarantee a win.

[ Parent | on HN ]

Re:'This has never happened before.' Powerball jackpot swell... by stray on Thursday January 07, 2016 @05:00PM (#10861148)

You could guarantee a win with 175 million or so.

You couldn't however guarantee that you'd win more than you spent -- because others could win as well, diluting the pot.

[ Parent | on HN ]