Playing the Odds

A colleague pointed out to me today that the NY MegaMillions jackpot is now up to $500 million. Of course after taxes, the most anyone could take home is a mere $375,000,002 (or $269,250,000 if the winner takes the lump sum option). And while the Forbes Top 400 no longer has anyone worth less than a billion on there, a half billion dollars is a totally absurd amount of money to make on a mostly unproductive investment.

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