After no big winner Friday night, the Mega Millions jackpot climbed to an estimated $1.55 billion. But the odds of winning a Mega Millions jackpot — no matter the size — stand at about 1 in 302.6 million.
Here are some things to know about the odds of winning the lottery.There’s a long list of rare events that are more likely than winning the Mega Millions or Powerball jackpot.
“A slightly darker example,” Kovach added, is comparing the odds of winning the lottery to getting into a fatal car accident on the way to a store. “Imagine you have to drive half a mile to buy your lottery ticket, so you have a 1 mile round-trip. It’s about 4 times as likely that you die in a car accident on the trip to buy your ticket than you are to win,” he said.
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.
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