It serms incredible to me to give over a billion dollars to a random person.

  • Lauchs@lemmy.world
    link
    fedilink
    arrow-up
    0
    ·
    1 year ago

    Not really.

    The lottery is paid for by those who all have an equal chance of winning that prize. Also, the profits from lotteries are usually spent on social funds etc.

    I feel more conflicted about thr fact that it preys on addiction and those who buy the most lottery tickets are often those who can least afford them. I find that much more grotesque than a random person getting very lucky, but to each their own.

  • derf82@lemmy.world
    link
    fedilink
    English
    arrow-up
    0
    ·
    1 year ago

    First of all, they are not getting $1.2B. The lump sum cash value is $551.7M. The usually reported jackpots are presented in terms of the value of a 30 year annuity.

    Second, those winnings are before taxes. After taxes, depending on the state, the person will walk away with $280m-350m.

    Now, sure, that is still an absurd amount, but still like 1/4th the stated jackpot.