Roll-over to $1.025 BILLION.

But, Lump Sum, after all Federal Taxes will ONLY be about $380 Million. Crap.

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Dora Hates You

I can't believe people just give away $600 million without a second thought. I'm leaving them on the hook for the whole amount.

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I was right.

Hardly worth buying a ticket.

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tom , as our resident 2L math expert, can u please check ding's math

Hmmm, let's see. Naught times a naught is a naught. Naught times a one is a naught..... Well OK, if ding says so, looks good to me.

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Naught times infinity is a little different though, (in the limit sense of course). Refer to the Dirac delta function. Lots of applications in physical sciences and statistical distributions, some nice analogies in the natural sciences (e.g., very low odds of an event happening, but billions of years to give it a chance).

Not directly applicable to this lottery, but in case you want to justify a ticket purchase:

Odds of randomly picking a winner are about 1 in 302,575,350. If you could buy a ticket for $1, and the actual payout is $380M, then your reward/risk ratio is greater than the dollar you spent. But I heard the actual purchase price is $2/ticket (not sure), so risk/reward ratio is less than that. Depends on the final, actual payout value, and the number of other winners you may have to share it with.

There was a guy many years ago who bought tickets for all 14M combinations of a state lottery to guarantee a winner in the ~$21M payout, but he had to share it with two other winners. That was $7M for him at best (before taxes), so it was at least a $7M loss for him.

Your life will change a lot more if you win $380M than if you lose $2, but the odds of having to worry about the former shouldn't keep you awake at night. You'd need to win that 10 times to buy Spirit Airlines (JB paying $3.8B), but you could still get to Latin America comfortably a few times on the winnings.

The fun thing about math is that there is no such thing as nothing, or infinity, but you can still multiply them together just to see what happens. Biologists want to be Chemists who want to be Physicists who what to be Mathematicians who (secretly) want to be God.

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Specializing in sarcasm and condescending rhetoric since 1971.

This is why I still hang around here...

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