After completing the chapter, you should be able to
Long History, Even Longer Odds
With hopes of winning the largest lottery jackpot in US history, Americans of every political, ethnic and economic persuasion spent nearly $1.5 billion on tickets for the 2012 Mega Millions lottery. That's about $5 in tickets for every man, woman, and child in the US. From among the tens of millions who purchased tickets, three lucky folks ended up sharing the $656 million jackpot. Each held tickets bearing the numbers 2, 4, 23, 38, and 46, and the “Mega” number 23. The probability of their picking this winning number? About 1 in 175 million!
These three odds-defying millionaires became part of the very long and storied history of public lotteries. The first recorded public lottery in the West was held ...