- The Mega Millions jackpot is now $1.6 billion after Friday’s drawing with no winners.
- Though that’s a pretty big prize, working through the math of how lotteries work suggests that buying a ticket is not a great investment.
- The low probability of winning and the risk of splitting the prize in a big, highly covered game mean you’d probably lose money.
- READ MORE: Here are the winning numbers from the $1 billion Mega Millions jackpot drawn October 19.
Andy Kiersz, Business Insider, October 22, 2018