Lunacy of the Taiwan Lottery
A few months ago, after around ten years of being in Taiwan, I started really paying attention to the jackpot games offered by the Taiwan Lottery system. I am American so Powerball / Mega Millions is my frame of reference.
Is it just me, or are the Taiwanese jackpot games really poorly designed? Maybe this is by design?
-The tickets are $200 each, which is six bucks American. This is quite expensive for a jackpot game.
-The odds of winning are a lot higher than they are stateside, but that is still low enough to make playing nothing more than a stupidity tax.
-It seems that people know this because the jackpots grow at a snail's pace. I started really watching during Chinese New Year when one of the jackpots was something like 20億. Somebody won that and in the time since the jackpots for the two main games have been mostly flat and haven't moved beyond 2億 in months.
I also think that the lottery stores themselves are incredibly interesting since many of them seem to operate without the need to generate a profit since they are run out of what are presumably family-owned storefronts that don't need to pay rent.
This is more of an observation than a question but I welcome any related discussion.