Saturday, November 23, 2024
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Dailey Bailey: Could You Guarantee a Powerball Win by Buying Every Possible Number?

Here’s a question: If you were super rich, could you buy every existing combination of numbers and guarantee a win?

The answer is yes . . . but it’s a terrible idea.

It would cost $584 million to buy every combination . . . and you’d need a whole army of people buying them around the clock to have enough time to buy all 292 million tickets.

The lump-sum jackpot payment is estimated to be about $868 million, which would give you a $284 million profit if you bought every ticket.

But . . . if any other person hits the jackpot and you have to split it, you go from a $284 million win to at least a $100 million loss. And you’ve only got a 22% chance of being the only winner . . . which makes it a terrible bet.

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