While around 50% is typically given back to the players in terms of winnings a lot of that is used for obscenely large jackpots resulting in other winnings being very small relative to your chance of hitting it.
https://www.cuandomevaatocar.com/en/powerball/simulator/
With the mega millions lottery you can get 5 of 6 number correct but only win 10000$ even though you the probability of getting that is just 1 / 931001
Here only around 25% of the prizemoney is spent on the nonjackpot prices resulting in the typical player getting only 7% to 15% of their money back.
Here i got less than 10% back but earlier i got 'lucky' and got over 10% back:
https://lottosimulation.com/us/megamillions
There is diminishing utility of money so winning 1 billion $ does not have 10 times the utility of willing 100 million $.
https://www.cuandomevaatocar.com/en/powerball/simulator/
With the mega millions lottery you can get 5 of 6 number correct but only win 10000$ even though you the probability of getting that is just 1 / 931001
Here only around 25% of the prizemoney is spent on the nonjackpot prices resulting in the typical player getting only 7% to 15% of their money back.
Here i got less than 10% back but earlier i got 'lucky' and got over 10% back:
https://lottosimulation.com/us/megamillions
There is diminishing utility of money so winning 1 billion $ does not have 10 times the utility of willing 100 million $.
Attachments

75.7 KB Views: 45