calculating lottery odd

[PCFetish]

me and my friend was having conversation about how much it would cost to buy all the possible sets of numbers so we have 1 jackpot winning tick
picking 6 numbers outta 49.
how much would it cost?

 

[KLin]

woops, got it reversed. It is what jtusa4 posted.

 

[jtusa]

$13,841,287,201

 

[silverpig]

You're playing the 6/49 huh?

(49*48*47*46*45*44)/(6*5*4*3*2) * $2 I do believe... so what's that? ~$25 mil?

 

[PCFetish]

Originally posted by: KLin
about $134,713,546,244,127,000,000,000,000,000,000,000,000

how did you come up wit that number?

 

[silverpig]

Originally posted by: jtusa4
$13,841,287,201

x 2... tickets are $2 a pop.

 

[jtusa]

Originally posted by: silverpig

Originally posted by: jtusa4
$13,841,287,201

x 2... tickets are $2 a pop.

$27,682,574,402

There we go.

 

[silverpig]

So as long as the lotto jackpot is more than that, you're good to go... provided that no one else wins any of the money

 

[jtusa]

Originally posted by: silverpig
So as long as the lotto jackpot is more than that, you're good to go... provided that no one else wins any of the money

Haha, a jackpot in the billions would be nuts.

 

[Colt45]

49nCr6 = 13.983.816 x$2 = $27367632

but i dont think the pot for lotto 6/49 is ever that high

 

[bootymac]

Isn't the 6-49 at 25 million right now?

Well, almost there!

 

[PCFetish]

Originally posted by: bootymac
Isn't the 6-49 at 25 million right now?

Well, almost there!

not anymore, one winnner.
whole 25 big ones, to one person...

 

[DurocShark]

Don't forget taxes, though you could write off the costs of the tickets...

 

[PCFetish]

Originally posted by: DurocShark
Don't forget taxes, though you could write off the costs of the tickets...

canadian lotteries are tax free

 

[MySoS]

Originally posted by: PCFetish

Originally posted by: DurocShark
Don't forget taxes, though you could write off the costs of the tickets...

canadian lotteries are tax free

In the U.S they can't tax the lottery winnings enough. In the U.S they tax is 40% about and if you die they tax it another 40%.

 

[Safeway]

Winning is also getting impossible. The Texas Lottery is currently 5 out of 54 numbers, plus an additional number out of a new set of 54 numbers. The jackpot has been as high as $100m. What about the ONE couple that won $170m on Mega-Millions. That's a LEAST $120m straight cash.

If they invested it ALL, they could live off $3,000,000 in interest a year. $3,000,000 a year for doing nothing!

 

[tm37]

Originally posted by: Safeway
Winning is also getting impossible. The Texas Lottery is currently 5 out of 54 numbers, plus an additional number out of a new set of 54 numbers. The jackpot has been as high as $100m. What about the ONE couple that won $170m on Mega-Millions. That's a LEAST $120m straight cash.

If they invested it ALL, they could live off $3,000,000 in interest a year. $3,000,000 a year for doing nothing!

You are not very good at math.

The Jackpot is not your lump payment.

Second if you have $100 mil.lion your investment banker is not going to let you put it in a 3%income return./