Wouldn't this be 54x53x52x51x50x49 = 18,595,558,800 therefore 99.3% is 18,465,389,888.4 or basically over 18 billion dollars in tickets (at $1 per ticket)?
Wouldn't this be 54x53x52x51x50x49 = 18,595,558,800 therefore 99.3% is 18,465,389,888.4 or basically over 18 billion dollars in tickets (at $1 per ticket)?
I think there are a bewildering number of games on the Texas lottery [1] but none seem to give the odds listed. But even more confusingly the Texas lottery itself lists the chance of a jackpot as 1 in 25.8mil [2]. So I’m not sure what we’re missing?!
The 1:26mil number must be about correct as google says the whole lottery grosses about 1.2bn a year. So 100m a month. So about 12.5mil tickets sold per draw if they are twice weekly. So a roughly 50% chance of a jackpot. If it were as our numbers show it would take about 16 years for a jackpot to occur even if that were the only game people played.
1: https://en.m.wikipedia.org/wiki/Texas_Lottery
2: https://www.texaslottery.com/export/sites/lottery/Documents/...
"6 factorial" is 6 x 5 x 4 x 3 x 2 x 1 = 720.