Many American invested in securities that matured last night. Mega Millions Lottery tickets.
Expected payout: $640 million
Total invested: $1.5 billion
Winning numbers: 2-4-23-38-48 Mega Ball 23
Chances of winning: 1 in 176 million
You are 50 times more likely to get struck by lightning, 8,000 times more likely to be murdered, 20,000 times more likely to die in a car crash.
Lotteries: The tax on the dreams of the poor.
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Short link: http://wp.me/p6sb6-cTB
Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
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Tags: 2-4-23-38-48 Mega Ball 23, finance, gambling, lotteries, lottery, mathematics, Mega Millions, mental health, probability
March 31, 2012 at 9:03 am
UPDATES:
“Kansas, Illinois, Maryland tickets share lottery prize,” Jeffrey McMurray, AP via San Jose Mercury-News
“Where does Mega Millions money go after the jackpot?” Armen Keteyian, CBS News
“Here’s An Obligatory List of 11 Things More Likely Than You Winning the Mega Millions Jackpot,” Eric Limer, Geekosytem
March 31, 2012 at 11:55 am
Or maybe millions of Americans invested in insecurities…