PUBLIC OPINION > Most Will Play in Mega Millions Lotto
News 2012/03/30 22:11:24
The Mega Millions lottery jackpot is currently at an all-time high of $640 million annuitized ($462 immediate), and millions of people who normally don't play the game are buying handfuls of tickets. The odds of picking the winning numbers are 1:175,711,536, which means the payout on a single winning ticket is almost four times the odds of winning. However, that also means record amounts of tickets are being sold. We asked the public if it's worth a shot.
There was a lot of debate over whether or not the massive payoff is worth it at this point, and the math is a little bit complicated. On the one hand, the jackpot is enormous. On the other hand, for every 176 million tickets sold, one more person can be expected to win. If 400 million tickets were sold in 48 hours, that's about a winner per day. Still, at $640 million you might as well pay a dollar to dream. One commenter wrote, "I'll succumb to the collective insanity and kick in a few bucks for the office pool."
Low Incomes Don't Like It
The most shocking demographic result we found was with lower income voters. People who made less than $25,000 a year were the least likely to play. Granted, that might consist largely of kids, but the sample size was larger than the under-18 sample size, and willingness to play actually did increase along with income, peaking at 90% in the $100k+ crowd. Gotta risk it to win it.
Women a Little More Willing
The gender gap was exceedingly small, which goes to show you the desire to be rich knows no gender. Women were about 5% more likely to play, possibly because there are a handful of single mothers anxious to financially support their kids and still spend time with them. But it's within the margin of error.
More Money for the Married
The only relationship demographic that were more likely to play than married voters were the divorcees and engaged. We were actually a little surprised singles and people in unmarried relationships were the least likely to play, but again, it could be an age thing.
If you'd like to vote on this question, dig deeper into the demographics, or engage in existing discussion about the topic, visit our poll about the Mega Millions lottery. We'd love to hear from you!
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