Winless Lottery Steak and Generalized Geometric Distribution

Abstract

In the U.S., the two most popular lotteries are Mega Millions® and Powerball. In Mega Millions®, players pick six numbers from two separate pools of numbers, five different numbers from 1 to 70, and one number from 1 to 25, a total of six numbers. In Powerball, players choose five numbers from 1 to 69 and one number from 1 to 26. If there is no winning ticket this time, the amount of jackpot (matching all six numbers) increases for the next draw until a winning ticket is found. We estimate the average number of draws it takes for a winning lottery ticket to be found.

Share and Cite:

Tse, K. (2024) Winless Lottery Steak and Generalized Geometric Distribution. Journal of Mathematical Finance, 14, 311-316. doi: 10.4236/jmf.2024.143017.

1. Introduction

Lotteries have long captivated the imagination of hopeful participants, offering the possibility of instant wealth. However, for a select few, the experience becomes a perplexing journey through a winless lottery streak. In this work, we delve into the mathematics underlying such streaks, exploring the concepts of probability, randomness, and the elusive nature of winning. Specifically, we give an upper bound estimate of the streaks and apply it to two real-world examples.

2. Main Results

If p is the probability of winning the jackpot, then q=1p is the probability of not winning. Let X be the number of draws when a winning ticket is found. We denote the number of tickets sold at the kth draw by n k .

Theorem 1 On average, the number of draws when the winning ticket is found is

E[ X ]=1+ q n 1 + q n 1 + n 2 + q n 1 + n 2 + n 3 +.

Proof The probability mass function of X is

X=( 1, withprobability1 q n 1 2, withprobability q n 1 ( 1 q n 2 ) 3, withprobability q n 1 q n 2 ( 1 q n 3 ) k, withprobability q n 1 q n 2 q n k1 ( 1 q n k )

This is a generalized geometric distribution and the expectation of X is given by [1]

E[ X ]=1 q n 1 +2 q n 1 ( 1 q n 2 )+3 q n 1 q n 2 ( 1 q n 3 )+.

We rewrite this sum and add each row in Table 1 and observe that the sum in each row is a telescopic series.

Table 1. Calculation of E[ X ] .

E[ X ]

=

1 q n 1

+2 q n 1 ( 1 q n 2 )

+3 q n 1 q n 2 ( 1 q n 3 )

+4 q n 1 q n 2 q n 3 ( 1 q n 4 )

+


=

1 q n 1

+ q n 1 ( 1 q n 2 )

+ q n 1 q n 2 ( 1 q n 3 )

+ q n 1 q n 2 q n 3 ( 1 q n 4 )

+




+ q n 1 ( 1 q n 2 )

+ q n 1 q n 2 ( 1 q n 3 )

+ q n 1 q n 2 q n 3 ( 1 q n 4 )

+





+ q n 1 q n 2 ( 1 q n 3 )

+ q n 1 q n 2 q n 3 ( 1 q n 4 )

+






+ q n 1 q n 2 q n 3 ( 1 q n 4 )

+







Therefore,

E[ X ]=1+ q n 1 + q n 1 + n 2 + q n 1 + n 2 + n 3 +

If there is no winning ticket that matches all the lottery numbers in the current draw, the lottery authority raises the jackpot amount. As a result, more tickets will be sold in the next draw. It is reasonable to assume the number of tickets sold is increasing: n 1 < n 2 < .

Corollary 2 E[ X ] is at most 1 1 q n 1 .

Proof

E[ X ]=1+ q n 1 + q n 1 + n 2 + q n 1 + n 2 + n 3 + 1+ q n 1 + q 2 n 1 + q 3 n 1 + = 1 1 q n 1

Example The longest streak of non-winning draws in Mega Millions® [2] was 36 consecutive drawings that started on September 18, 2020 and ended on January 22, 2021. During this period, no ticket matched all the numbers drawn to win the jackpot. The number of the tickets sold on September 18, 2020 was 8,517,586. For each jackpot, between seven and nine million Mega Millions® tickets are sold initially.

The probability of winning the jackpot in Mega Millions® is p= 1 ( 70 5 )×25 and the probability of not winning the jackpot is q=1p=0.99999999669504 .

From Table 2 [3], the number of tickets sold is steadily increasing since the first draw: n 1 < n 2 < . By Corollary 2,

Table 2. Data of the longest Mega Millions® winless streak.

Date

# of Tickets Sold

Jackpot (Millions)

09/18/20

8,517,586

$20

09/22/20

8,400,426

$22

09/25/20

8,562,146

$24

09/29/20

8,515,402

$32

10/02/20

9,129,793

$41

10/06/20

9,094,373

$50

10/09/20

9,358,502

$60

10/13/20

9,172,316

$69

10/16/20

9,602,462

$77

10/20/20

9,702,164

$86

10/23/20

10,192,498

$97

10/27/20

10,555,378

$109

10/30/20

10,954,959

$118

11/03/20

11,459,802

$129

11/06/20

11,271,257

$142

11/10/20

11,436,317

$152

11/13/20

12,204,690

$165

11/17/20

12,069,849

$176

11/20/20

12,562,599

$188

11/24/20

14,299,681

$200

11/27/20

13,066,892

$214

12/01/20

14,521,615

$229

12/04/20

15,353,620

$244

Continued

12/08/20

15,913,041

$264

12/11/20

16,202,376

$276

12/15/20

17,089,898

$291

12/18/20

18,286,623

$310

12/22/20

20,975,658

$330

12/25/20

20,319,996

$352

12/29/20

25,118,295

$376

01/01/21

30,448,574

$401

01/05/21

45,438,292

$447

01/08/21

58,436,919

$520

01/12/21

85,860,269

$625

01/15/21

113,672,857

$750

01/19/21

130,054,138

$865

01/22/21

183,642,272

$1 B

E[ X ]( 1 1 0.99999999669504 7000000 , if n 1 =7000000 1 1 0.99999999669504 9000000 , if n 1 =9000000 =( 43.7, if n 1 =7000000 34.1, if n 1 =9000000

Example According to Powerball [4], when the jackpot is low, initially, around six to ten million tickets are sold. The longest streak of non-winning draws in Powerball was 41 consecutive drawings that started on August 6, 2022 and ended on November 7, 2022. The probability of winning the jackpot in

Powerball is p= 1 ( 69 5 )26 and the probability of not winning the jackpot is q=1p=0.9999999965777 . By Corollary 2,

E[ X ]( 1 1 0.9999999965777 6000000 , if n 1 =6000000 1 1 0.9999999965777 10000000 , if n 1 =10000000 =( 49.2, if n 1 =6000000 29.7, if n 1 =10000000

Corollary 3 If { n k } is an geometric sequence n k = α k1 n 1 , for k1 and α>1 , then E[ X ]= q 1 α1 n 1 f( q n 1 α1 ,α ) , where f( x,y )=x+ x y + x y 2 + x y 3 + .

Proof

E[ X ]=1+ q n 1 + q n 1 + n 2 + q n 1 + n 2 + n 3 + =1+ q n 1 + q ( 1+α ) n 1 + q ( 1+α+ α 2 ) n 1 + =1+ q α1 α1 n 1 + q α 2 1 α1 n 1 + q α 3 1 α1 n 1 + q α 4 1 α1 n 1 + = q 1 α1 n 1 ( q n 1 α1 + ( q n 1 α1 ) α + ( q n 1 α1 ) α 2 + ( q n 1 α1 ) α 3 + )

Example Here are some values of E[ X ] for various n 1 and α in Corollary 3: (Table 3)

Table 3. E[ X ] for different values of n 1 and α .

n 1

{ n 1 , n 2 , n 3 , }

E[ X ]

6,000,000

n k = 1.05 k1 n 1

22.0797

8,000,000

n k = 1.075 k1 n 1

16.0259

10,000,000

n k = 1.1 k1 n 1

12.6951

10,000,000

n k = 1.2 k1 n 1

9.4422

7,000,000

n k = 1.5 k1 n 1

7.0673

9,000,000

n k = 1.3 k1 n 1

8.2070

3. Conclusion

The winless lottery streak, while disheartening for those experiencing it, is a mathematical phenomenon rooted in the principles of probability, randomness, and statistical patterns. Understanding the mathematics behind lotteries helps us appreciate the rarity of winning and the statistical inevitability of winless streaks. While participants may yearn for a breakthrough, it is crucial to remember that lotteries are primarily games of chance, where each drawing offers an independent opportunity for success. The mathematics of the winless lottery streak reminds us of the complexities of probability and the unpredictable nature of random processes, inviting us to approach lotteries with both hope and a realistic understanding of the odds.

Conflicts of Interest

The author declares no conflicts of interest regarding the publication of this paper.

References

[1] Ross, S. (2023) A First Course in Probability. 10th Edition, Pearson.
[2] https://www.megamillions.com/
[3] https://lottoreport.com/
[4] https://www.powerball.com/

Copyright © 2024 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.