Yesterday, I bought a Powerball lottery ticket. The drawing tomorrow evening will be for $111 million, or $62.4 million cash payout. That’s a lot of money.
The odds against winning are astronomical: less than one chance in 120 million. Yet, if you want to get hit by lightning, the odds are better if you step outside. If you want to win Powerball, the odds are slightly better if you buy a ticket.