JOURNAL ARTICLE

The Mega Millions has topped $1 billion and Powerball is at $800 million. These are the odds you're facing.

  • Published In: Fortune.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Morris, Chris 3 of 3

Abstract

The article discusses the extremely low odds of winning major lottery jackpots, specifically highlighting the Mega Millions and Powerball lotteries. The Mega Millions jackpot has reached $1.1 billion, with odds of winning at 1 in 302,575,350, while the Powerball stands at $800 million with odds of 1 in 292,201,338. To provide context, the article compares these odds to other unlikely events, such as being struck by lightning or dying from a meteorite impact, emphasizing the rarity of winning. Despite the long odds, the article concludes with a note on the possibility of rare successes, citing an example of a high school freshman who achieved three hole-in-ones in one day. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2024/03, pN.PAG
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2024
  • Accession Number:176249009
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