The Mega Millions jackpot is $1.6 billion. We did the math to see if you should buy a ticket.

  • 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