AP ImagesThe Powerball lottery drawing for Saturday evening has hit a record-high estimated jackpot prize that was $800 million as of this writing, after no one won the jackpot in Wednesday's drawing. While that's a huge amount of money, buying a ticket is still probably a losing proposition. Consider the expected value When trying to evaluate the outcome of a risky, probabilistic event like the lottery, one of the first things to look at is expected value.

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BING NEWS:
  • Powerball player wins $2 million. Where in the US was the lucky ticket sold?
    A Powerball ticket sold in New Jersey won $2 million, but just missed the $124 million jackpot, lottery officials say. The ticket matched five winning numbers and the Power Play, but not the Powerball ...
    12/26/2024 - 2:25 am | View Link
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