For just the second time ever, you can choose between two lotteries offering jackpots of at least $300 million.
The Powerball and Mega Millions lotteries are promising payouts of $384 million and $306 million, respectively
For some, the temptation to buy into the lottery clearly increases as the jackpot grows. However, statistics show you’re better off saving your money. Lottery officials put your odds of winning the Powerball grand prize at 1 in 292 million.
Odds of winning Mega Millions are 1 in 302 million.
To help you put the chances of winning the Powerball or Mega Millions jackpots in perspective, here are some of the statistics GOBankingRates compiled about crazy events that are more likely to happen to you than winning the lottery
- Becoming president of the U.S.: 1 in 10 million odds
- Dying in a plane crash: 1 in 5.37 million
- Being killed by a meteorite: 1 in 700,000
- Winning an Olympic gold medal: 1 in 662,000
- Having conjoined twins: 1 in 200,000
- Being killed by hornets, wasps or bees: 1 in 64,706
- Dying from natural heat: 1 in 10,784
- Becoming a victim of a chainsaw accident: 1 in 4,464
- Writing a New York Times best-seller: 1 in 220
- Getting audited by the IRS: 1 in 119
Have you purchased a Powerball or Mega Millions ticket? Let us know why or why not in the comments below or on our Facebook page.
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.