
financegambling1.725 min read
"$1.9 Billion Mega Millions and Powerball Jackpot Draws Near Miss and Soars to $1.1 Billion"
1 year ago•Source: The Guardian US
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The odds of winning the Mega Millions and Powerball jackpots are extremely low, but theoretically, one could guarantee a win by purchasing every possible ticket combination, costing over $600 million for Mega Millions and over $580 million for Powerball. However, logistical challenges and the risk of multiple winners make this strategy impractical. A group of investors in 1992 came close to buying most of the combinations for a jackpot, prompting new lottery rules. Ultimately, the likelihood of another person winning the same combination makes this a risky and unrealistic approach.