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Poster: yagtash
Subject: RE: Little Probability Question
Body:

i might be totally wrong about this, but it seems like the fundamental mistake here is that if only one person bought a ticket for one dollar, the jackpot wouldnt be 640 000 000 dollars, it would be 1 dollar (minus the lottery's profit margin). the lottery will ALWAYS make money, so when the jackpot gets that big, that only means that more than 640 000 000 dollars in tickets have been sold. again i could be totally off base, but that is the only way the lottery could continue to operate, always having a positive expected outcome, meaning that the players each have a negative expected outcome every time.
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