ST Alpha - "you have to divide by number of tickets (then multiply by number held for each person's share). Currently each share would be under a million. -- nm" (Reading a Post)

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In response to "So with 140 mil as the actual take home, divided by 37 participants, a $2 share = $3.8 mil" by TWuG

you have to divide by number of tickets (then multiply by number held for each person's share). Currently each share would be under a million. -- nm

Posted by zork Nov 26 '12, 13:44

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Responses:

The actual payout is more complicated, as you say. -- nm - TWuG Nov 26, 13:46 1
- The average buy-in was 4.8 tickets per person, so the average person will take home $3.8 million -- nm - TWuG Nov 26, 13:54
specifically, $786,517 per share. -- nm - zork Nov 26, 13:45
I figured it as if everyone put in the $10 -- nm - peglegpete Nov 26, 13:45 4
- then it would be 370 tickets. -- nm - zork Nov 26, 13:46 3
  - Powerball is a $2 ticket -- nm - peglegpete Nov 26, 13:48 1
    - ah, yes. sorry. so 3.8 would be close. -- nm - zork Nov 26, 13:57
  - but only 1 will win the grand prize -- nm - peglegpete Nov 26, 13:47

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