http://www.cockeyed.com/citizen/poker/lott...imulator100.php

Send this to that friend or family member who plays lotto all the time! wink.gif


I suck at the lottery! laugh.gif

 

You played 1040 games of Mega Millions. It cost $1040. You won $252.

 

You played 1040 games of Mega Millions. It cost $1040. You won $674. biggrin.gif

 

You played 1040 games of Mega Millions. It cost $1040. You won $263.

 

You played 1040 games of Mega Millions. It cost $1040. You won $232.

 

But wait, isn't that how the govenment tells us we make money? Spend $1040 and earn $230? At least you're earning $230, right?
Sorry, couldn't resist.

I R WINNER!!! Spend $1040 and earned $55!!

Your chances of hitting it big (all 5 numbers correct) are 1 in over 550,000,000

 

lol, You played 1040 games of Mega Millions. It cost $1040. You won $227.

more intelligent results (investing in AMCPX Mutual Fund):

Your monthly deposit of $8.67 for 7 years(takes 3 years to save up the minimum deposit of 250) with an interest rate of 2.39% compounded Monthly with an initial starting balance of $260.10

Year Balance
1 $371.57
2 $485.74
3 $602.66
4 $722.41
5 $845.06
6 $970.66
7 $1,099.30
Final Savings Balance: $1,099.30

Thats Just with the average over the past 5 years with the big crash and everything included. If you look at just the growth from the last year you get:

Your monthly deposit of $8.67 for 7 years with an interest rate of 6.92% compounded Monthly
with an initial starting balance of $260.10

Year Balance
1 $386.08
2 $521.07
3 $665.70
4 $820.66
5 $986.69
6 $1,164.58
7 $1,355.18
Final Savings Balance: $1,355.18

Thats not a lot but it would be enough to take a week off work and go on a little vacation or something. Sounds a lot better to me than playing the lotto. Btw.

 

Here in Vegas, your odds of hitting 7 out of 7 on Keno are even worse, yet people still play.