I Wear Pants;617158 wrote:Mathmatically challenged sure. But unless you believe that no one actually wins and it's a conspiracy then you simply have to figure out how frequently you buy a ticket and whether you'd be better off doing something else with those funds.
For me I figure at my current rate I might buy 1,000 tickets in my lifetime. A thousand dollars is a lot but not when you stretch it over a 30-60 year period. Then you have to factor in that yes, like the commercials say, I usually do have at least a small amount of fun when I play the lottery if only because I enjoy thinking of how I'd spend that cash and how much it could make my life and the lives of those around me if not better but a lot easier.
I'll agree to a point, throwing a buck at it here and there is OK. Where jmog's point becomes extremely valid is for those people who play $20 or more each week, and live hand to mouth. $20 per week at historical rates of return in the marketplace yields (conservatively) a nest egg of a quarter million dollars over a working lifetime. Many of the same people will be more than willing to tell you that "the working man can't get ahead". They really should STFU.