Lottery Analysis
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Lump-sum PrizeAfter TaxWays of WinningProbabilityr*S(p,N)
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Jackpot$476,000,000$357,000,00010.00000000569114597
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Other fixed prizes$250,000$187,500450.00000025610156870.0006250000
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$10,000$7,5002550.0000014512422220.0000250000
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$150$150114750.000065305900010.0000005000
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$150$150127500.000072562111120.0000005000
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$10$102082500.0011851811480.0000000333
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$7$75737500.0032652950.0000000233
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$3$312495000.007111086890.0000000100
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$2$223490600.013368843350.0000000067
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Tax Rate25%
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Ticket Sales300,000,000
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Possible combos175,711,536
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f-cost0.9749300183
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Break-even JP171,306,451
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s(1/t, N)0.000000002728843846
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sum(r*s(p,N))0.0006510733333
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Expected Return-0.01%
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Instructions:
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Download this sheet so you can change it.
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Enter the Jackpot and expected Ticket Sales. See Expected Return.
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As a fun and exciting exercise, put in last week: $363M, 190M tickets
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