New Powerball Odds Make $1 Billion Jackpot About 7.5 Times More Likely to Occur
Good news, and bad news, Powerball players. Soon, the odds of winning the lottery's jackpot are going to be tougher, but you may be able to win $1 billion if you do.
In the beginning of July, the New York Gaming Commission announced that it'd be tweaking the odds of winning the lottery to increase revenue. Soon, the odds are going from one in 175,223,510, to one in 292,201,338. In other words, those odds that were worse than being struck by lightning (one in 3 million), or being attacked by sharks (one in 11.5 million), or even being crushed to death by a vending machine (only one in 112 million, actually) are now even worse.
On the bright side, a mathematician at FiveThirtyEight has figured out that the new odds make it radically more likely for a player to win $1 billion. About 7.5 tim...