# Calculate the Expected Value?

Calculate the expected value for playing mega millions with $1000 and winning a prize. Each ticket costing $1
PRIZE LEVEL- CHANCES OF WINNING PER- GAMEPRIZE
First- 1 in: 175,711,536- $88,000,000
Second- 1 in:...
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Calculate the expected value for playing mega millions with $1000 and winning a prize. Each ticket costing $1

PRIZE LEVEL- CHANCES OF WINNING PER- GAMEPRIZE

First- 1 in: 175,711,536- $88,000,000

Second- 1 in: 3,904,701- $250,000*

Third- 1 in: 689,065- $10,000*

Fourth- 1 in: 15,313- $150*

Fifth- 1 in: 13,781- $150*

Sixth - 1 in: 844- $10

Seventh- 1 in: 306- $7

Eighth- 1 in: 141- $3

Ninth- 1 in: 75- $2

PRIZE LEVEL- CHANCES OF WINNING PER- GAMEPRIZE

First- 1 in: 175,711,536- $88,000,000

Second- 1 in: 3,904,701- $250,000*

Third- 1 in: 689,065- $10,000*

Fourth- 1 in: 15,313- $150*

Fifth- 1 in: 13,781- $150*

Sixth - 1 in: 844- $10

Seventh- 1 in: 306- $7

Eighth- 1 in: 141- $3

Ninth- 1 in: 75- $2

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