Posts Tagged ‘Lotto’

The lotto prize was $700 million… wow!

Just read a great piece at CNBC from Kevin Breuninger that puts the odds of winning that in perspective, though:

The odds of grabbing the grand prize are 1 in 292.2 million, according to the game’s own assessment. To put this in context, your chances of being killed by a lightning strike are approximately 1 in 161,000. The odds of being killed in a shark attack are 1 in 3.7 million.

Even getting hit by a meteorite is more likely than winning the Powerball — 1 in 1.9 million.

 

But here’s my favorite part:

In fact, your chance of getting struck by lightning, bitten by a shark, smacked by a meteor and hitting a hole-in-one on the same day is statistically far more likely than winning the jackpot, according to Jim Murphy of sportsbettingexperts.com.

With all of that said, I’m still happy that I bought a ticket… after all, someone has to win it, right?!  :)

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