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by cableshaft 3819 days ago
The comment on the site where some people play when it's a high payout more for wanting to participate in the cultural event (i.e. go see Star Wars in theaters) than the expectation that they'll win makes a lot of sense.

I think that's mainly why I get a few tickets sometimes when it gets super high, even though I know my chances of winning are significantly worse and my chances of winning at all are almost nothing.

1 comments

More people buying doesn't change your chances - it potentially lowers your payout.

Makes me wonder if getting more people to play higher jackpots ends up evening things out in the end.

It may even out from an expected value for the purchaser point of view, but the profits keep climbing for Powerball the more people that hop on the bandwagon.