The Economics of the Lottery

percentage of winning the lottery
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What are your odds of winning the lottery? Less likely than being hit by lighting, but more likely than getting killed by a shark

But your odds of taking home the big money in either game is slim You're more likely to get struck by lightning, get killed by a shark or be

percentage of winning the lottery The balls are random so there is a very slim chance that a number will repeat–in the neighborhood of 3 or 4% But, don't forget: You have the

percentage chance of winning the lottery An often-cited — but incorrect — anecdote about lottery winners falsely attributed to the National Endowment for Financial Education claims that