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Why Do People Play the Lottery?

Why Do People Play the Lottery?. The economics of gambling and insurance. The Facts. Overall odds of winning a prize: 1 in 54 Individual prizes Match 6: 13,983,816 Match 5+bonus 2,330,636 Match 5: 55,492 Match 4: 1,033 Match 3: 57 Average payout (over 17 draws Nov, Dec 2002, Jan2003)

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Match 5 bonus 2 - PowerPoint PPT Presentation

Why Do People Play the Lottery?