(corrected re-post as I don't know where
I came up with 102 lotteries in a year, as
actually, with 52 weeks in a year, that's
104 lotteries, duh, fixed below, and I left
off mentioning number of digits after
the decimal point this time around)
Another follow-up:
Retirement, I love it. This post reflects
what one can do with their time when
they have time to do anything they want
in retirement, & they're willing to use the
following calculator to work on lottery
odds.
https://www.calculator.net/big-number-calculator.html
Odds of winning a Megamillions lottery,
1 in 302,575,350 which =
0.00000000330496188800574798971561959690371340560293
So, what are the odds of *losing* a
Megamillions lottery?
1 - 0.00000000330496188800574798971561959690371340560293
which =
0.99999999669503811199425201028438040309628659439707
which = 99.999999669503811199425201028438040309628659439707%,
a near-certainty.
If one buys one ticket for every Megamillions
lottery in a year (that's 104 tickets in one year),
what are the odds of losing all 104 of those
lotteries?
That's 0.99999999669503811199425201028438040309628659439707
to the 104th power, which =
0.999999656284022149768257983616473661402560195003
which =
99.9999656284022149768257983616473661402560195003%,
still a near certainty.
What if one starts buying a Megamillions lottery
ticket on one's 18th birthday & buys one ticket for
every Megamillions lottery 'til one's 108th birthday,
90 years from when one started, what are that per-
son's odds of losing all 9,360 of those lotteries?
That's 0.99999999669503811199425201028438040309628659439707
to the 9360th power, which =
0.99996906603514210577297182007394459120317015062611
which =
99.996906603514210577297182007394459120317015062611%,
still a near-certainty, but hey, maybe life extensions
will be available at some point, and if one were to
keep buying a Megamillions lottery ticket, well, ...
... let's say one was able to live to be 518 years
old, buying one ticket on every Megamillions lot-
tery 'til one's 518th birthday, that would be
52,000 lottery tickets.
What would be one's odds of losing all 52,000
Megamillions lotteries? That's 0.99999999669503811199425201028438040309628659439707
to the 52,000th power, which = ???
The Big Calculator says "Fatal error: Maximum
execution time of 30 seconds exceeded in /var/www/calculator/nonavusefulcalc/big-number-calculator.php
on line 227
So, I suppose I would need a bigger calculator
if life extension ever transpires. Hmmm, I went
to the following website
https://keisan.casio.com/calculator
and entered
0.99999999669503811199425201028438040309628659439707^52000
and pressed Execute. The answer is ...
... 0.99982815674828302368945109564664457214716265050434
which =
99.982815674828302368945109564664457214716265050434%
So, that's better than the 99.9969% odds on
one's 108th birthday, 99.9828% odds on one's
518th birthday, something to look forward to
were one to have the good fortune to have
good health & mental fitness & finally, on one's
52,000th try at it, winning the Mega Millions ...
... lottery, but then again, presuming the world
is in good shape, everyone having good health
& mental fitness on their 518th birthday would
be winners presuming all of the downsides of
life that can be overcome will have been over-
come by then.
On Thursday, July 28, 2022 at 3:10:43 PM UTC-5, observer wrote:
.> Follow-up to previous post at
.>
https://groups.google.com/g/alt.sports.football.pro.dallas-cowboys/c/Sq9cqTwcR_4/m/EBb4QqylCQAJ
.>
.> Well, didn't buy a ticket 'til today. For fun,
.> comparing my ticket to the recent (last 20)
.> past lotteries:
.>
https://www.megamillions.com/Winning-Numbers/Previous-Drawings.aspx
.>
.> I would give the picture on my other
.> numbers being among the last 20
.> winners, but I don't want to say too
.> much 'cause if I beat the odds, I plan
.> to try & remain anonymous. (-:
.>
.> Interesting that 60 & 66 were among
.> the lower 5 winning numbers in the
.> last 2 lotteries & the last 2 megaball
.> winning numbers were 16 & 15. Such
.> is the odd (at times) nature of random
.> numbers.
.>
.> I will say that 3 of my lower 5 numbers
.> on my randomly selected ticket have
.> been winners in the last 2 lotteries. (-:
.>
.> All of that has absolutely nothing to
.> do with my odds of winning this lot-
.> tery, which remain at 1 in 302.57535
.> million, no matter which numbers are
.> on my ticket.
.>
.> Of course, I suppose if one chooses
.> common numbers, like 2 -4 - 6 - 8 - 10
.> & 12 for the Megaball, odds are that a
.> lot of folks will choose those numbers
.> and if one wins, each winner would
.> have to share the winnings with a lot
.> of others.
.>
.> By the way, the display at the store
.> where I purchased the ticket displays
.> the current Megamillions lottery as
.> $999 Million 'cause that sign has the
.> Million written on the sign (unchange-
.> able) & in the changeable part doesn't
.> have the ability to display a number >
.> 999.
.>
.> As I wrote earlier in my posts, it's very
.> rare for powerball or megamillions to
.> go over a billion dollars. This is only
.> the 3rd time it has happened in mega-
.> millions history and it has happened
.> only once in powerball history.
.>
.> [clarifying inserts included in brackets]
.>
.> Billion dollar Powerball & Megamillions
.> lotteries
.>
https://www.narcity.com/largest-lottery-jackpots-ever-billion-mega-millions-powerball
.>
.> #1: $1.586 Billion Powerball:
.>
.> The world's largest ever sum won in a lottery
.> was worth over $1.5 billion and was split be-
.> tween three different winners.
.>
.> On January 13, 2016, three California, Florida
.> and Tennessee residents became the winners
.> of the gigantic sum; best of all, they got to keep
.> all the money [referring to no state taxes, but
.> failing to state they all were hit with hefty fed-
.> eral taxes].
.>
.> Florida and Tennessee don't have a state in-
.> come tax, while California doesn't deduct taxes
.> from lottery winnings on tickets bought in-state,
.> reported AP.
.>
.> [Unstated, federal income tax hits everyone]
.>
.> #2: $1.537 Billion Mega Millions:
.>
.> On October 23, 2018, one lucky resident from
.> South Carolina became the winner of the world's
.> largest lottery jackpot in history to be won by a
.> single ticket.
.>
.> To say he was lucky is an understatement.
.>
.> The winner, who decided to remain anonymous,
.> actually let someone ahead of them in line to pur-
.> chase a Mega Millions ticket, scoring themselves
.> the winning ticket.
.>
.> [interesting, I suppose that person anonymously
.> told Hogan or someone else that, & if one is prone
.> to be skeptical or to question whether someone
.> is just claiming something that's not verified, one
.> would be prone to doubt that & the following state-
.> ment]
.>
.> The commission's executive director, Hogan Brown,
.> said in a statement that the winner "marvels at how
.> every decision made that day brought the winner to
.> the store, at that very moment."
.>
.> "A simple act of kindness led to an amazing out-
.> come."
.>
.> [i.e. technically, time of purchase has nothing what-
.> soever to do with random chance, & the winning tic-
.> ket is simply a matter of good luck, not timing or
.> kindness or good or evil, it's simply a matter of luck,
.> & had he cut in line or been angry or had any dispos-
.> ition whatsoever, luck is simply a matter of luck, ...
.>
.> ... no way of making it happen & the only sure way
.> of preventing it from happening regarding lotteries
.> is to not purchase a ticket. Also of note, instances
.> of bad things happening to some lottery winners,
.> sometimes bad consequences from winning, such
.> is life, sometimes losing would've been better]
.>
.> #3: $1.05 Billion Mega Millions:
.>
.> A four-member Detroit lottery club won the third-high-
.> est lottery jackpot amount of $1.05 billion on January
.> 22, 2021.
.>
.> After taxes reduction, the winners took home an imme-
.> diate lump sum of $557 million.
.>
.> [the four winning club members, $139,250,000
.> after taxes for each of the 4 winners.]
.>
.> An attorney for the club came out with a statement on
.> behalf of the winners saying, "This kind of money will
.> impact the families of our club members for genera-
.> tions to come. We plan to stay humble and pay it for-
.> ward through charitable giving in southeast Michigan."
.>
.> [Easily said, but the amount of charitable giving & the
.> entities each of them gave/give money to is probably
.> undisclosed, though of course, any of the 4 can say
.> how much & to whom they donate money to, that's
.> simply a matter of personal choice.]
.>
.> \*--- --- ---*/