Apr 12, 2009 12:55
In Maryland, and several other states, the big lottery game is Mega Millions, with a current projected jackpot of $92 million, paid out over 26 years @ $3.5 million/year. Not bad! Or you could take a lump sum immediate payment of $60 million. [Personally I'd choose the annuity, not the lump sum.]
The odds of winning are about one in 175 million.
Which means your odds of getting murdered in the United States this year are about 10,000 times greater than your odds of winning the Mega Millions jackpot.
Your odds of dying in a traffic accident this year are about 25,000 times greater than winning the jackpot.
Sorta puts things in perspective ...
stats,
econ