Why don't rich entities buy all the lottery tickets?
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If there are less than 14 million combinations of tickets, and the jackpot is $100 million, why doesn't some crime organization "pony up" $14 million to buy every ticket? That's a clear $86 million guaranteed!
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Solution Summary
The expert determines if there are less than 14 million combinations of tickets, and the jackpot is $100 million, why some crime organizations dont "pony up" $14 million to buy every ticket.
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Some assumptions need to be made:
1) Let's assume that there is a week between drawings (which is pretty generous ... most lotteries that I'm aware of have 2 or more drawings per week). So once the jackpot climbs to $100 million we have 7 days to buy all of these tickets.
2) Most lottery ticket outlets are not open 24 hours a day (and may not be open 7 days a week!) ... let's assume that we have lottery outlets that are open 7 days a week, from 8:00 am until 8:00 pm (so 12 hours per day). Since there are ...
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