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How to win the lottery and pay nothing.?
Whats wrong with this logic?
The odds of winning the California Supper Lotto is 18 million to 1
If one person purchased all 18 million possible combinations
they would be guaranteed to win.
Assume the jackpot is worth 100 million.
What if I went to the lottery officials and made this proposal…
If I spend 18 million $ and buy every unique number I can win your
jackpot. But rather than go through all that trouble, why don't I just
give you the 18 million and you give me the jackpot?
Or to make it even better for you, give me just 1/5 of the jackpot, or
20 million. That would make it fair for any other winners - the possibility of which
is slim.
Or yet, why bother with the tedious transactions. Just pretend I gave you the
18 million and just give me the difference - 2 million.
In fact, if you just give me a million dollars I'll get out of your
hair completely.
What you you rather loose? 100 million or just 1 million?
4 Answers
- pdqLv 77 years ago
Not sure who is giving "Thumbs Down" to LegFuJohnson. As usual, he's spot on.
#1 thing that wrong with your logic is that you'll never see a jackpot that high in a game with 18 million to 1.
#2 is that even when the jackpot gets higher than 18 million, it's very likely the jackpot will be split.
#3 is that a jackpot of 40 million is going to net less than 18 million for a couple reasons. First, the advertised jackpot is an ANNUITY. So 40 million over 20 years is really only worth about 23 million dollars. Second, THEN you are taxed.
That's just for starters. You are the 158th person to suggest this on Yahoo! Answers, and probably the millionth person to actually think of this. It's never going to happen.
- Anonymous7 years ago
Ok, perfect, now just run over the whole state buying every single one... xD
- LegFuJohnsonLv 77 years ago
Lotteries with odds of 18 million to 1 won't get a jackpot of 100M. So there is fault #1.
(On the website is says the odds are about 42M to 1... and the jackpot, after taxes would be less than 42M)
There is plenty more wrong with the logic, but I don't see the point really.
