Lotto tickets are typically 2 dollars jackpots are often over 500 million. How are these funds generated?

Question

I don’t understand because not that many people actually buy these. I don’t understand where they get such large sums of money so often.

In: Economics

Answer 1

>I don’t understand because not that many people actually buy these.

…Quite a few people buy these, and many buy multiple tickets. Further, the prize compounds after each round without a winner.