The odds of winning the Mega Millions jackpot are one in 302.5 million, according to the lottery game, while Powerball's odds are one in 292.2 million for the top prize.
More than a third of Americans believe winning the lottery is the only way they will ever retire comfortably. But the odds of winning either the Powerball or Mega Millions are roughly 1 in 292.2 million and 1 in 302.5 million, respectively.
Lottery organizers tend to seek a balance between setting up a game with unfavourable jackpot odds (which will result in higher jackpots and therefore higher ticket sales) and setting up a game with favourable lottery odds (so that players will have a relatively good chance of winning prizes).
The Powerball jackpot this Saturday is $510 million, but your chances of winning are just one in 292 million. Here's what that looks like.
The odds of winning the Powerball grand prize are 1 in 292.2 million, according to the game's own assessment. The Mega Millions jackpot odds are even more hopeless, at 1 in 302.5 million.
The jackpot would be the sixth largest in Powerball's history and the eighth largest U.S. lottery jackpot of all time, according to Powerball. If the winner claims the cash option as opposed to a ...
A quick Google search reveals that the lottery odds of winning the Mega Millions jackpot are 1 in 302,575,350. The Grand Prize in Powerball has winning odds of 1 in 292,201,338. In other words, to win these prizes, your lottery odds are around 1 and 300 million.
When it comes to winning any prize, the Brazilian Mega-Sena offers the worst odds of any major lottery at 1 in 2,298 as there are only three main prize tiers, although the odds of winning the jackpot are better than EuroMillions, PowerBall and MegaMillions.