Tax revenue from lotteries is supposed to fund education and other public services.
AP Photo/Alan Diaz
The Mega Millions lotto pot for Jan. 15 is the second largest it’s ever been. Taxes on the lotto go to state governments, but often the money isn’t spent in quite the way it’s supposed to be.
Winning big often involves looking for the opportunities that are the opposite of what everyone else is doing.
In some ways winning is the easy part.
A lucky South Carolinian came forward to claim the $1.5 billion Mega Millions jackpot. Academic research has some suggestions about what the winner should do next.
The ‘lucky’ ticket may not be so lucky after all.
The lottery’s jackpot has swelled to that eye-watering sum, but research suggests hopeful ticket holders should be careful what they wish for.
The Mega Millions stakes have never been higher.
Lotteries purportedly generate money to support public education. Jackpots are getting bigger and bigger – but states don’t seem to be spending any more on education.
The code that could see you a winner in McDonald’s Monopoly competition.
With some big prizes are on offer in the latest competition from the fast food giant, best to see what the numbers say.
You are far more likely to die driving to buy your ticket than you are to actually win first division in the lottery.
EPA/Erik S. Lesser
If winning first division in the lotto is very unlikely, why is playing so popular?
Saying they are is to dangerously misunderstand the limits of scientific enquiry.
Put it all on green?
Roulette table via www.shutterstock.com
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£33m lottery winners David and Carol Martin.
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How hard is it to build a random number generator?
The math behind all the probabilities being discussed for tonight’s Powerball drawing assumes each number is equally likely to be chosen. Is that what really happens?
A mathematician looks at the odds.
The Powerball prize got so big that it wouldn’t fit on some signs – and it keeps growing.
At first glance, US$1.5 billion seems like a lot of money. But that’s before taxes and a tendency for winners to spend it unwisely.
Lottery winners are euphoric very briefly before they settle back to their normal level of happiness or unhappiness.
Casinos like this one in Maryland bring benefits as well as costs. The challenge is working out which is greater.
During the past two decades, the US casino industry has expanded dramatically. According to the American Gaming Association, there are now nearly 1,000 commercial and tribal casinos in the country. Plans…