Every Tuesday and Friday, I plunk down one crisp dollar bill for a ticket to Mega Millions, which is now up to $250 million. In the event I win it this week, you probably won't hear from me again. I mean, what would you do?

Now, I am not alone in my fantasizing what I could do with $250 million; and I know full well the odds of winning and the better odds of losing. Of course, keep in mind that 37 states plus Washington D.C. hold lotteries and it's estimated that some 60 percent of all Americans play. In fact, according to a study by the Texas Lottery Commission recently, Texans spend between $30 and $90 a month on lottery tickets. Try multiplying that by a year or even by 30 years.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access