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./