Ashland, OH
The winnings went from one billion to one point six billion -- does that mean 600 million dollars was spent on lottery tickets over a span of a couple days?
That's almost like every person in the country buying one!
(Topic ID: 227631)
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Quoted from MrBally:It's actually the NPV (Net Present Value) of the (in this case), estimated sales until the selling cut-off for the next draw. But, government lotteries typically pay half of what the odds are and keep the other half for payments to funding stuff, administrative fees, travel boondoggles etc.
I knew there had to be some sort of formula. . . thanks for the info.
I've always had the mindset that I'd rather be rich than famous -- winning the lottery can often bring the wrong kind of fame with it. I'm going back to the 250K thread now that I know how to invest it 
.
I do hope that whomever wins does some good with the money.
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