Re:No, the money you spend on lotteries doesn’t go to the park
by HWR_14 on Thursday May 04, 2023 @06:25PM
(#35822932)
> If we sell only 50 tickets daily it is less than million of $ that Musk have available for each ticket.
Wow, and for anyone else for only a million dollars people can buy an entire day in what was once a free federal location!
Meanwhile, let's look at Yellowstone. Over a decade, they will sell about $110MM in passes (just a 10x of what they generated recently.) Let's say at an auction the passes go for an average of 20x that. So for $2.2 billion, someone can buy exclusive access to a 2.2 million acre federal park for a decade.
A 20x multiple is pretty high too.
> reality people like Musk probably would never spend even 1/100 of their wealth for any single attraction.
Musk spent approximately 20% of his wealth on an internet toy.
Wow, and for anyone else for only a million dollars people can buy an entire day in what was once a free federal location!
Meanwhile, let's look at Yellowstone. Over a decade, they will sell about $110MM in passes (just a 10x of what they generated recently.) Let's say at an auction the passes go for an average of 20x that. So for $2.2 billion, someone can buy exclusive access to a 2.2 million acre federal park for a decade.
A 20x multiple is pretty high too.
> reality people like Musk probably would never spend even 1/100 of their wealth for any single attraction.
Musk spent approximately 20% of his wealth on an internet toy.