If you are a lottery player, I want to help you.
If you put $50 per month in the lottery over 10 years, you will have spent $6,000.
According to Tara Siegel Bernard in a recent NY Times article, “Win a Lottery? Not Much Chance Of That your chances of hitting the jackpot are 1 in 175 million. That’s about the same chance as getting hit by lightning according to Bernard.
You are not going to win the jackpot! It is so unlikely that it’s not worth considering.
You may win once in awhile, but it’s unlikely you will come out ahead with your $50 per month lottery payment!