The Mega Millions drawing tonight has climbed to $1 billion for the first time in history. You won’t actually win a billion dollars. If you take the lump sum you’ll get “only” $565 million. And federal, state, and local taxes will probably cut that down by another $170-$270 million depending on your state.
But it’s still more money than most of us even know how to dream about.
Yes, we all know that the odds of winning are nil. But there are perhaps no bigger dreams that $2 can buy.
I’m always perplexed at people who buy multiple tickets. The last time I bought a lotto ticket was when the Powerball made it to 10 figures and the person in front of me in line spent $100 on Powerball tickets. Whether you have 50 tickets or 1 ticket the odds of winning are statistically insignificant. The dream I had with my 1 ticket was the same dream that he will have with 50, except I was only out $2. If you buy multiple tickets I’d love to hear your logic though.
Will you buy a ticket to dream for $2? And what would you do if you won the jackpot?