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Tuesday, November 27, 2012

Powerball simulator lets you see how long it takes to win the jackpot


The Powerball jackpot for Nov. 28 is estimated at $500 million, and it keeps growing. We all know the long odds of winning the whole thing, but a Powerball simulator really puts it into perspective how lucky one has to be to do it, especially just picking six random numbers.

The simulator lets you choose your own numbers or the easy-pick option, and goes at a pace of two tickets each week for however long you feel like. The longer you go, the more depressing it gets. Above, I simulated up to 1,500 years, and the highest amount I won was $100 - only 13 times. I did win plenty of $4 prizes, but still spent $312,000 to win $22,837, for a whopping return of 7 cents on the dollar.

But like many, I'll still buy a few tickets with hopes of winning the big one. Because someone has to, right?

Get even tinier thoughts at www.twitter.com/JeffHoard921.

2 Comments:

Blogger Charles Daughtrey said...

Using this same simulator I ran some tests. I let the game run for 2,000 game-years over 100 different tries - never pulled in the jackpot. I found that NOT using the power play brought in 7 cents on average for every dollar spent. Using the power play brought in exactly double that, or 14 cents per dollar played. So it seems if you want to waste your money more slowly, spend more on each ticket, But either way, according to the simulator - you're going to lose no matter what you do, unless you do what I do. Don't play at all and you won't lose anything. :)

September 20, 2013 at 6:46 AM 
Blogger Rob said...

The simulator has moved to http://powerballsim.appspot.com/

July 11, 2014 at 1:21 PM 

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