Posted in Big Numbers

The Lottery

There is the old saw that says the lottery is a tax on people who don’t understand math.  And, to be honest, that is the absolute truth, albeit a bit harsh.   Sure, people win.  But considering that most of the time it’s a single person and there are millions who play, those are pretty long odds.  Besides, it’s not about how many people play.   You knew that right?  I’ll get to that in a minute. But there has been a recent uptick in the revenues that lotteries across the country are seeing.   It’s really no surprise with the economy in the tank like it is.   People just want a little of that magic to take away the sting of the headlines or that mortgage bill or the feeling that their retirement savings are just not going to cut it in the end. But what about that math? Wait, time out! …