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Old 11-28-2012, 06:06 PM
 
Location: Sunrise
10,869 posts, read 13,638,218 times
Reputation: 8987

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The difference being that a $25 meal will feed you. $25 in beer is $25 worth of refreshment (and empty calories). Two movie tickets is an evening's entertainment for you and a date.

I cannot wrap my head around the entertainment "value" of a lottery ticket. Throwing a dollar bill into the fireplace and watching it burn must then have value, as well. Because there's a 174,999,999 in 175,000,000 chance you may as well light your money on fire. The other examples, you at least GET something.

And keep in mind, I've already said I personally knew two lottery winners. But I also paid attention in math class. A one-in-a-million chance is so close to zero as to be statistically meaningless. I'd rather go with the odds that our economy will limp along for another 10 years and I'll be able to cash out what I've put in, plus a LOT of compound interest and employer contributions.

 
Old 11-28-2012, 06:16 PM
 
Location: Earth
4,506 posts, read 5,254,415 times
Reputation: 4933
^^^^ Why does it bother you what I do with MY money?

I noticed you never answered/admitted if/what you spend YOUR money on for entertainment and how much...because in the end, I could just as easily say that it's a waste too!

$30 each month and a nice drive is what I spend and it makes me happy... so :P




Quote:
I think you guys are comparing oranges and apples. A mutual fund is for an investment. A lottery is for fun and excitement.
I'm not comparing...Scoop is...but I definitely agree with you...the lottery is for fun/entertainment.
I'm certainly not counting on it to win or using it as a retirement!

..BUT HOO BOY! If I DID win....

...I'd buy back the eight houses I lost making bad investment decisions in 2007!
 
Old 11-28-2012, 07:21 PM
 
Location: Las Vegas, Nevada
12,686 posts, read 30,969,141 times
Reputation: 5358
I've never played Powerball, but I thought they said on the news that it was only available to Las Vegans in Arizona but not in California. Do all the states that have a lottery participate in Powerball?
 
Old 11-28-2012, 07:23 PM
 
Location: Las Vegas, Nevada
12,686 posts, read 30,969,141 times
Reputation: 5358
Quote:
Originally Posted by newopty View Post
I don't think you can buy a Power Ball ticket in California. California has Mega Millions but not currently Power Ball.
Ah, ha. I should have read this first.
 
Old 11-28-2012, 07:32 PM
 
Location: ( ͡ ͜ʖ ͡) (╯□)╯︵ ┻━┻ ̡
7,112 posts, read 10,852,083 times
Reputation: 3866
You look at playing the lotto like I look at gambling in the casino. But justifying buying alcohol over much healthier, cheaper water, going out to eat when someone can save by preparing their own meals(which you have pointed out so many times) and buying movie tickets when you can just wait a couple of months till Redbox receives the same movie for $1.

It is all a waste no matter how you look at it. We all choose how to "waste" our money. You choose to waste yours with alcohol. That alcohol money could be invested as well.

I buy a lotto ticket(just one) for the hell of it. Just like I give the homeless guy at the 7-11 with the alcohol and drug addiction a dollar for the hell of it. I tip an extra dollar or two at restaurants for the hell of it. I always recoup when I clean my car out anyway.

Here is a list of about a hundred or so lotto winners of $300 mil or more.

Lottery jackpot records - Wikipedia, the free encyclopedia

The number increases to a couple of thousand for people that have won jackpots of half a mil or more. Thats a couple of thousand people out of 300 million population...

Whats the percentage of that?

All for entertainment.
 
Old 11-28-2012, 07:59 PM
 
584 posts, read 759,871 times
Reputation: 503
Quote:
Originally Posted by Buzz123 View Post
I've never played Powerball, but I thought they said on the news that it was only available to Las Vegans in Arizona but not in California. Do all the states that have a lottery participate in Powerball?
Currently, 42 states have Power Ball. Here is a link to where it is played:

Powerball - Map


I read somewhere that Power Ball is coming to California.
 
Old 11-28-2012, 08:15 PM
 
7,672 posts, read 11,278,341 times
Reputation: 15249
Quote:
Originally Posted by newopty View Post
I think you guys are comparing oranges and apples. A mutual fund is for an investment. A lottery is for fun and excitement.
No, he's comparing oranges and orangutans.

Just complete and total nonsense.
 
Old 11-28-2012, 08:32 PM
 
17,542 posts, read 34,606,778 times
Reputation: 9985
This is no longer a Las Vegas thread. If any if you win, feel free to post the news.
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