How high is the pot before you will buy a ticket. Is 10 million not high enough? I never understand people who buy when it reaches a certain amount. Half a billion dollars is crazy money.
That’s a fair question.
In truth, I don’t look at the lottery as an investment (and, frankly, anyone who does needs a lesson in basic finances). I buy a ticket as a form of entertainment. For two bucks, I get to dream about what I would do if I won some huge sum of money. For two bucks (or one if it’s the Mega Millions) I get to dream for a few days. So, the answer to your question is, the pot has to be large enough to allow me to dream. How much is that in terms of absolute dollars? It depends on my mood.
The Wolf