Watson Institute at Brown University
Public Policy

4 reasons NOT to buy a $493 million Mega Millions ticket

The Mega Millions jackpot is now $493 million ahead of Tuesday's draw at 11 p.m., the fifth largest jackpot in history. A study by economist Emily Oster found that the lottery jackpot only becomes "progressive" -- meaning high earners spend more on tickets than low earners -- when the jackpot is at least $806 million. 

July 23, 2018 Market Watch