Winning the lottery

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More than a third of Americans believe winning the lottery is the only way they will ever retire comfortably. But the odds of winning either the Powerball or Mega Millions are roughly 1 in 292.2 million and 1 in 302.5 million, respectively.

Whittaker was also robbed of $545,000 sitting in his car while he was at a strip club eight months after winning the lottery. “I just don’t like Jack Whittaker. I don’t like the hard heart I

Public lottery proceeds also fund essential state functions, such as education and public safety. But their tangible impact on state budgets is murky and may be overstated, according to a 2016 analysis by CNN Business. But to be clear, any expectation of winning the lottery, however remote, has no place in your personal financial plan.

Your chance of winning a smaller sum of money will also increase - from a one in 54 chance, to one in 9.3. Related: Unclaimed lottery winnings - how to make sure you never lose out on a jackpot 8.