Expected value is not useful for making decisions about lottery tickets

expected value of lottery ticket
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Interview question for Senior Analyst What is the expected value of a lottery ticket?

In order to find the expected value for the number frequency of a specific number for the last 1000 lotteries , I multiplied Title:Maximizing the Expected Value of a Lottery Ticket: How to Sell and When to Buy Abstract:Unusually large prize pools in lotteries like

pro poker Answer: 1 chance in 80,000,000 is basically another way of saying with probability = 180,000,000 corresponding to the prize $1,000,000 The Purchase this Estimated Market Value in 2023 Someone won $1 billion through the Mega Millions lottery and has yet to claim their winning ticket