Posts Tagged ‘texas lotto’

Texas Lottery Shows That It Matters How You Play

August 29, 2009

Yesterday 28 August 2009, two lucky winners shared a Megamillions jackpot of $333 million. This has the effect that the jackpot goes back to an estimated $12 million. Meanwhile, because of successive rollovers, the jackpot forĀ  the Texas Lotto has risen to $43 million.

The odds against winning Megamillions are 175 million to one; the odds against winning the Texas Lotto are 26 million to 1. This means that currently you are 7 times more likely to win $43 million playing the Texas Lotto than you are winning $12 million playing Megamillions. If you live in Texas, don’t waste money on Megamillions, instead spend the money on Texas Lotto.

Of course all this logic changes as soon as the Texas Lotto jackpot is won or Megamillions builds up to huge amounts again.