Whether one is a pragmatist who would never consider playing the lottery or a hopeful who dreams of becoming rich overnight, one stubborn fact is that the lottery is a captivating beast, and the sheer number of people who access lotto sites says it all.
Besides, it is a massive industry that brings in billions of dollars every year; hence, it is bigger than any other entertainment form. But what really makes the lotteries so intriguing? Well, this article delves into six interesting facts about lottery games.
Some may be wondering how big a lottery jackpot can be. It turns out that it can be incredibly big. Most lottery players are familiar with Powerball USA, a multi-state game that people can play from virtually anywhere in the United States. This lottery is known for having generated the biggest jackpot in history at $1.586 billion in 2016. The winnings were split between three tickets, but one could imagine if this had been won by a single player.
Many times, people's brains are tricked into buying lottery tickets. That's because they see winners and not losers publicized. In so doing, lotto providers hoodwink people into thinking they can win. In some cases, players believe that they can win after a losing streak. Others even think that if they play for long (many years), they will eventually win.
Besides, it would be a shame for someone who has been playing for years to stop all of a sudden. They would rather continue playing to avoid being mocked by peers.
Well, the chances of winning a lottery jackpot are very slim for every player. However, players probably don't realize this if they are buying tickets. For instance, the odds of a player winning the Powerball jackpot are 1 in 292,201,338. The odds become even worse when it comes to Mega Millions (1 in 302,575,350). Yup, while playing the lottery is fun, it can be discouraging when one considers the odds.
If a player buys enough tickets to play every possible number combination, they may end up spending more than what the lottery jackpot can pay out. Mega Millions, for instance, offers about 302 million different number combinations that one can play, with each ticket costing $2. That means one would need to spend about $604 million if they were to play every possible combination. That would be way above the jackpot payout.
Sure, a winning lottery ticket can change anyone's life for good. In fact, players who believed they had no chance would never play again after winning the lottery. So, if one plays, they check their ticket, right?
But as it turns out, some lotteries produce winners who never arrive to pick up their winnings, and even attempts by organizers to reach them prove futile. As a result, people lose billions of dollars every year. Hence, it is advisable for players to check their tickets every time they have played; they may have won.
Winning the lottery, buying a dream home and car, and giving up a tiresome job; this is the fantasy for an average lottery player. However, the truth of the matter is that not every lottery winner takes this route. About half of big winners keep working. Of course, money is never enough, and most winners tend to subscribe to this school of thought.