The odds that you will win the jackpot at the lottery in your lifetime have gone from one in a million to one in 10 million, according to a study published on Monday.
The lottery has seen a steady rise in the number of winners in recent years, rising from 5,400 in 2012 to more than 20,000 this year, the authors of the study said.
The research, by the University of Sydney’s Robert W. Nisbet and a team of Australian and New Zealand researchers, found the chance of winning at the jackpots went up by about 10 percent over the past 20 years.
This meant that people in the same age bracket, from 20 to 50, were getting a bigger slice of the pie.
But the study, which is co-authored by academics from the University and the University at Buffalo in New York, also found that the chances of winning did not increase as people aged.
The authors of their study noted that there were a lot of people who had never played the lottery, meaning the study was not able to determine whether these people would still win the prizes.
The study’s co-author, Andrew Parnell, said the results could be explained by “economic changes in the economy” and the increasing number of people aged over 50.
He said there was “a very real possibility” that people who are getting older and living in poverty were still getting more of the lottery’s big winnings.
“There is a very real chance that they will be better able to manage their financial resources, which means they have the opportunity to spend less on lottery tickets, they may have the chance to be able to save up for a smaller prize, and so on,” Mr Parn.
“But this study has shown that people at different income levels, those with the least financial resources and those with more financial resources are still winning the jackups.”
He said the findings were important because people should not feel guilty about being a winner.
“If we’re going to be generous about giving people the chance, the best thing to do is give them the chance they want, and not feel bad about it,” he said.
“We should be trying to give people the opportunity we can afford and the ability to spend the money we need.”
Topics:lotto,people,social-sciences,education,health,labor,law-crime-and-justice,law—ethics,consumer-protection,law,government-and/or-politics,law–federal—state-issues,state-parliament,canberra-2600More stories from New South Wales