Mega Millions jackpot soars to $1.55B, largest in its historyBy Jesse O’Neill
August 8, 2023
That’s a whole lotta smackeroos!
The Mega Millions jackpot on Tuesday soared to a record high of $1.55 billion, making it the largest in the game’s history.
The ten-figure sum, which would also be the third-largest in overall US history, comes after there had not been a Mega Millions jackpot winner for nearly four months.
But while Americans rushed to buy tickets ahead of the Tuesday night drawing, experts issued some advice to gamblers hoping to beat the 1 in 302.6 million odds.
Lottery tickets are “definitely not good investments,” said Matthew Kovach, an assistant professor in Virginia Tech’s economics department.
“They’re not even investments … there’s an expectation you will always lose money.”
Mega Million players were much more likely to be hit by a meteorite, or to befallen by tragedy on their way to buy the $2 ticket than to actually hit the jackpot, he explained.
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Source:
https://nypost.com/2023/08/08/mega-millions-jackpot-soars-to-1-55b-largest-in-its-history/
