The Mega Millions Jackpot Reaches $1.55 Billion

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The Mega Millions Jackpot Reaches $1.55 Billion
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There’s a long list of rare events that are more likely than winning the Mega Millions or Powerball jackpot.

A common comparison is the odds of getting struck by lightning once in your lifetime, which stand at about one in 15,300. Even if you bought a lottery ticket for every drawing over 80 years — two times a week for Mega Millions and three times a week for Powerball — you would still be far less likely to win than to be struck by lightning one time in your life, Syracuse University mathematics professor Steven Diaz said.

Yes. Winning the lottery has become harder in recent years, causing jackpots to grow bigger and bigger — and that’s by design. The estimated $1.25 billion jackpot seen for Mega Millions' Friday drawing, for example, is the annuity option — and the cash value for this prize is nearly half that, standing at $625.3 million. Most jackpot winners opt for the cash.

Some people might buy a $2 lottery ticket as a form of entertainment and find satisfaction in “the excitement of thinking you might win,” Diaz said. Meanwhile, others may enter the lottery out of feelings of desperation or financial struggle — with experts pointing to consequences that have disproportionately impacted low-income communities.

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