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Originally Posted by PR_Glen
your math is flawed... First, one doesn't need a 1 000 000 plus dollars to have a happy life/retirement.
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Well I'm 42 so about 25 years from retirement. Now if I have $1 mil at retirement in 2036 assuming 2.5% inflation that is only worth $530K in today's money. Say I get 4% yearly on that $1 mil and I assume I'll live another 25 years, that's about $62K per year starting in 2036 which is $33K in today's money and only worth about $17k in today's money at the end of those 25 years in 2061. So a million is really not that much. I guess you can live off 17K a year plus whatever social security gives you( if it exists ). Of course if I live past 92 I'm fucked.
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Second, the chances of you winning are through the roof no matter how often or how much you play....
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True but if one plays $1 per drawing the Powerball and Megamillions have a combined 208 drawings a year. That's $208 a year. If you were going to piss that $208 away on something else frivolous anyways who cares? At least there is a CHANCE you win. Unlike say spending that $208 on porn or whatever where your chances are 0%.