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Discussion » Questions » Outside the Mug » If multimillion dollar lottery draws continued on forever then would everyone in the country eventually become a millionaire?
Kittigate

If multimillion dollar lottery draws continued on forever then would everyone in the country eventually become a millionaire?

Posted - May 28, 2021
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Responses


  • 44373
    By then a million dollars would be worth about 50 cents.
      May 28, 2021 1:10 PM MDT
    1

  • 10508
    Nope.  Assuming that each winner was eliminated from subsequent draws, it would take 10 years to get everyone.  Of course, it is estimated that 4 million babies are born in the US each year.  Long before everyone gets their "pot", the value of money would have decreased so much it would be worth less than toilet paper was in 2019.  
      May 28, 2021 1:21 PM MDT
    1

  • 6023
    I was going to try and figure out the mathematical possibilities - but there are too many unknown variables.  LOL

      May 28, 2021 2:55 PM MDT
    1

  • 13395
    I guess it's a little more complicated than I first imagined..
      May 28, 2021 3:44 PM MDT
    0

  • 16378
    Population is increasing faster than that.
      May 28, 2021 6:13 PM MDT
    1