Looks like someone won the fake lottery
posted on Sep 29, 2010
Play the Megamillions lottery simulator, and lose imaginary money! I played, and won $89. However, I spent $1040 to do so.
This is obviously intended as a lesson to the statistically challenged that lotteries are not a wise use of your dollars. In fact, they tell you right up front: "You'll never win." But buried way at the end of the simulation are the accumulated statistics to date:
In the 16740315 times this simulation has run, players have won $26978323And by won I mean they have won back $26978323 of the $16740315 they spent (161%).
So apparently the expected return on this unwinnable lottery is 161% and they have paid out over $10 million imaginary dollars more than players put in. Those are good odds. Perhaps I should play more.