🎰Lottery Expected Value Calculator
e.g. 10000000
UK Lotto: 45,057,474
The expected value (EV) of a lottery ticket is the average return per ticket purchase, calculated as the jackpot divided by the odds of winning, minus the ticket cost. Almost all lottery tickets have negative expected value — they are, mathematically, a losing proposition.
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Fun Fact
The UK Lotto returns about 45p for every £1 spent on average (before jackpots). Scratch cards typically return 60–65p per £1. No lottery offers positive expected value to the average player.
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