One winner finally emerged for the US$1.537 billion Mega Millions jackpot. Research suggests the as-yet unidentified winner may not be so lucky.
The jackpot swelled to that huge sum after the 25 drawings held since the end of July failed to yield a winner. That makes it the second-largest lottery grand prize the world has ever seen. The record came in 2016, when the rival Powerball game hit $1.6 billion. The Mega Millions was earlier estimated at $1.6 billion as well, but came down after tickets were tallied.
The odds of winning are very small, or about 1 in 303 million. You are about 400 times more likely to be hit by lightning. If every adult in the U.S. purchased just one ticket, each with a different number, there would still…
Read the full article at: http://theconversation.com/how-winning-1-54-billion-in-mega-millions-could-still-lead-to-bankruptcy-105275