Risking $1 to make $540 million before taxes is a no brainer......duh ...and for those that plan to rake me over the coals about expectancy.... I've calculated the expectancy to be $0.00307 with 1 in 176 million odds of winning...... Pathetic...but still worth the risk in my opinion Edit: Expectancy is actually 2.07 which is pretty damn good
I levered my $1 up 20 times - I'm feeling lucky ...also I'm in the camp of not caring about expectancy wrt the lottery given the utility of winning. 2c.
I think the megaplier increases the winnings of the lower jackpots, as in hitting 5 out of the six numbers and getting a larger payout than the available one. Instead of paying a dollar for a number(ticket), they charge two dollars per number... increasing the winning payout lower prizes only.
I know some people. What's the odds of them winning and giving me a piece? Meanwhile I'll save a dollar, plus I won;t have to deal with beggars if I bought a ticket and won.
It's amazing... how many "friends" you have... that you didn't know you had... once it's known you came into some big money...
Its $540M if taken over 26 years, $390M (pre-tax) if you go for the lump sum option... My after-tax lump-sum payout would be ~$250M, still worth it I guess: http://www.usamega.com/mega-millions-jackpot.asp
Gotta Love New Hampshire NO STATE TAX ON LOTTERY PRIZES New Hampshire: No State Tax on Lottery Prizes! Your net per year: $15,576,923 Your net payout: $292,500,000 After 26 payments: $404,999,998