trevintexas

The state lotteries generally pay you out less than 50 cents on every dollar that you put in ... the odds are terrible. The worst EV of all the gambles you can do pretty much.

Never commented on our returns versus the state lotteries. Just answered a question about the odds of the state lotteries. If you ask me a question, I'll answer it directly.

Why factor in taxes? Because you're using post-tax dollars to buy the ticket so it makes no sense to not use post-tax dollars when calculating the return. I would advise anyone to do the same post-tax analysis everywhere for anything.

About 50% spend at least $1 once a year on tickets. So of households who play, it's actually around $1k per household.

Yes it's better than corporations but it's not better than not spending the money in the first place!

It comes from revenue generated from interest on the account balances

Yes exactly