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Personal Finance
Lotto payoff?
August 22, 2001: 2:56 p.m. ET

A look at some alternate investment options for regular lottery players
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NEW YORK (CNNfn) - For those holding Powerball tickets to Wednesday's drawing, chances are that the tickets will end up in the trash – estimates of winning are one in 80 million. The chances for winning most lotteries are not much better, about one in 12 million-to-14 million.

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Lotteries do offer large payoffs, but repeated playing can take a toll on personal finances. Rhode Island residents spend the most per capita on lotteries – $68 per month.

CNNfn's Joya Dass takes a look at what happens if that $68 is invested over a 30-year period. graphic




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