From the Political Calculations blog site:
Basic Lottery Game Data | |
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Input Data | Values |
How many possible numbers are there to choose from in the main set? | |
How many numbers from this set does the player get to pick? | |
"Powerball" or "MegaBall" Data | |
How many possible numbers are there to choose from for the Power or Mega Ball? | |
How many numbers from this set does the player get to pick? | |
Ticket Cost Data | |
Cost of a Lottery Ticket | |
Income Tax Rates | |
Federal Income Tax Rate (%) | |
State Income Tax Rate (%) | |
Local Income Tax Rate (%) |
The Odds of Winning the Lottery and the Magic Jackpot | |
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Calculated Results | Values |
The Odds of Winning the Jackpot (1 in ...) | |
The Magic Jackpot (The Number That Makes Playing the Lottery Worth the Cost of a Ticket) |
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