The record-Mega Millions jackpot stands at $1.6 billion for Tuesday’s drawing—and if no one wins, the jackpot could jump to more than $2 billion.
The largest lottery jackpot in history has some people feeling lucky, despite it being a slim chance of winning.
Experts say one is more likely to be the next LeBron James, even the next President of the United States, than win the lottery.
But still, so many remain hopeful, deciding it’s worth a shot spending $2 for one ticket.
“If you put in two bucks and you win, that return on investment is ridiculous,” said Ramon Patrick.
Patrick is a local who admits he has spent close to $50,000 in his lifetime of playing lottery, with no major winnings.
“I just only play when it gets this big.”
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Jeffrey Dingman, vice president of Branch Office manager at Fidelity Investments, recommends a more long-term investment— just in case the odds aren’t in your favor for the jackpot.
“You can find $10, $15, $20, extra per week and invest it in improving the investment plan, and you can certainly make some great profits over a very long period of time,” said Dingman.
Dingman says the key is to always have a plan in mind.
“Start with long term, medium, short-term goals, even if it’s just two dollars, every dollar matters.”
You might not become a billionaire overnight but even if you’re just throwing a few dollars at a lottery ticket— it’s no surprise— budgeting is key.
