NEW YORK, US - JUL 27: The Mega Millions jackpot has surpassed $1 billion for the third time in the history of the lottery in New York, United States on July 27, 2022. (Photo by Lokman Vural Elibol/Anadolu Agency via Getty Images)

I buy lottery tickets even when the jackpots are small.  Now that Friday’s Mega Millions jackpot is worth $1.02 billion or $602 million if you take the lump sum cash payout, I will be buying a lot of mega million tickets in the hopes of becoming a billionaire!  After federal taxes, the jackpot is $379.6 million.  The odds of winning are 1 in 303 million. The odds of being struck by lightning are one in 1 million. But after reading what this professor had to say, I think I will buy 100 tickets! Springfield, Massachusetts college mathematics professor Andrew Perry is quoted by Newsweek magazine as saying,  “If you buy 100 tickets, for example, then your odds are about one in 3 million instead of 1 in 300 million.”

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Chino Hills, CA – July 27: A customer waits to pay for their Mega Millions tickets at the 7-Eleven on Chino Hills Parkway in Chino Hills on Wednesday, July 27, 2022 where Fridays Mega Millions payout is expected to exceed $1 billion. Assistant manager M. Faroqui (not pictured) sold one of three winning Powerball tickets worth over $528 million each back in 2016 when the jackpot reached over $1.5 billion. (Photo by Will Lester/MediaNews Group/Inland Valley Daily Bulletin via Getty Images)

Maybe you are in a big pool at work, or perhaps you have a really nice boss who will buys tickets for everyone in the workplace! CNN says the owner of the Raising Cane’s founder, Todd Graves, purchased 50,000 Mega Millions tickets for his 50,000 employees earlier this week, and when the jackpot wasn’t hit, the company said they’d do it again for Friday night’s drawing. Doing the math, 50,000 tickets amounts to $100,000.  Todd Graves is buying another 100,000 dollars worth of tickets, which will give a total of $200,000 by the time this guys gambling to win is over! While we may think this is a waste of money, he says he’s trying to build excitement with his employees.

 

In case you’re wondering what happened with all the tickets purchased for  this past Tuesday’s drawing, Newsweek magazine says 6,775,330 people won some kind of money during Tuesday’s drawing.  Two people right here in New Jersey became millionaires.  They won a million bucks for having all 5 numbers and not the mega ball. Maybe we can be so lucky! I’m going to give it a whirl!