The current Powerball jackpot is estimated to be $193 million.
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The current Powerball jackpot is estimated to be $193 million. The Powerball lottery is decided every Wednesday

and Saturday night by drawing five white balls out of a drum with 69 balls and one red ball out of a drum with 26 red balls. The Powerball jackpot is won by matching all five white balls in any order and the red Powerball. Each ticket costs $2. What is the expected value for purchasing one ticket for the jackpot?

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