Mega Millions, Powerball prizes come down to math, long odds

Biggest myth: The advertised $1.6 billion Mega Millions prize and $620 million Powerball prize aren’t quite real

For all the anticipation about whether someone will finally snag the gigantic Mega Millions and Powerball jackpots, the games come down to two things: simple math — and very long odds.

But there are some quirks and surprises about the math equations that likely will soon vault someone into stratospheric wealth after the jackpots grew for months without a winner.

What are the jackpots?

The biggest quirk starts with this fact: The advertised $1.6 billion Mega Millions prize — the world’s largest ever lottery jackpot — and $620 million Powerball prize aren’t quite real. That is, those are the amount you’d be paid if you chose an annuity, doled out over 29 years. Nearly every winner opts for cash, which is the amount of money the lottery folks actually have in the bank ready to pay out to the company that would fund the annuity.

The cash option is still massive, at $904 million for Mega Millions and $354.3 million for Powerball. But those numbers aren’t splayed across billboards and shown in countless mini marts across America.

Potential combinations

The dismal odds of winning the Mega Millions jackpot — 1 in 302.5 million — mean there are 302.5 million potential number combinations, or a little less than one combination for each of the 328 million people living in the U.S. For last Friday’s drawing, about 59 per cent of possible combinations were taken. But by Tuesday night’s drawing, officials estimate that 75 per cent will be sold.

That would mean a 25 per cent chance of no winner. If that happens, it’s likely even more combinations would be covered before the next drawing three days later. Officials don’t have an estimate on how many tickets would be sold for that potential drawing, and they haven’t said how large the estimated prize would be. Could it reach $2 billion?

The odds of winning Powerball are 1 in 292.2 million.

As the grand prize increases, so do the winning numbers

The odds of winning don’t change as jackpots get larger, but the chance that more than one winner will share the prize do. When so many people rush to play as a jackpot soars , the chances increase that two or three tickets — of the millions of tickets sold — will match. Of the five largest jackpots awarded in the U.S., three went to multiple winners. The largest single prize went to a 2017 player from Massachusetts who celebrated a $758.7 million Powerball payday.

Two jackpots, one winner?

If the odds of winning either Mega Millions or Powerball don’t seem gigantic enough, how about winning them both? Spend $4 on a ticket for each game and it could happen. But the odds aren’t especially favourable, at about 1 in 88 quadrillion (that’s 88,000,000,000,000,000).

Lucky numbers

For Mega Millions, players choose six numbers: five from a range of white balls, numbered 1 to 70, and one number for the Mega Ball, with a range of 1 to 25. What numbers have come up most? Since 2010, that honour goes to the number 2, with 92 hits, followed by the numbers 20, 11, 31 and 17. The most hit Mega Ball number is 9.

Lottery officials are quick to point out that the number selection is random, so there’s no reason that what hit in the past will be selected again. The game also has changed over the years, so some numbers included weren’t always in the mix.

Lucky states

Not surprisingly, the most Mega Million jackpot winners in the past five years have come from states with the largest populations. New York, with the nation’s fourth-largest population, leads with seven winners. The No. 1 population state of California is second in Mega Millions winners with six, while Illinois is third with four winners.

Still, there are some quirks, as Georgia has the eight-largest population and three winners and Washington state has two winners but only the 13th largest population. Texas has the nation’s second-largest population, yet players have only bought winning Mega Millions tickets in the state twice in the past five years. And let’s hear it for Rhode Island, the smallest population state to have won a Mega Millions jackpot in the past five years.

America is No. 1

For those with an international bent, the current Mega Millions jackpot has surpassed all lottery jackpot records — so it’s not only the largest lottery prize in U.S. history, it’s now the world’s largest.

The annual El Gordo national lottery in Spain advertises a larger total prize pool, but the money is divvied up into many prizes, according to Seth Elkin, a spokesman for the Maryland lottery, which currently takes questions about the Mega Millions drawing.

Scott McFetridge, The Associated Press

Like us on Facebook and follow us on Twitter.

Just Posted

Enrolment, EA increases make for no surprises in updated school district budget

The budget reflects changes that were made after recieving provincial funds in December

Agassiz Community Gardens hoping to find new home at old McCaffrey school

The society has been looking for a new location since its previous gardens were sold in October

Kent looking to replace Ferny Coombe pool with indoor facility

The facility being built is dependent on grant funding from the province and federal government

Escape room brings ‘out of the box’ activity to Agassiz

AESS alumni and teacher developed the concept to bring teamwork-based entertainment to the town

Prices still rising, Chilliwack real estate back in balanced territory

Local market is steadier compared to points west with higher increase in average sale price

B.C. opioid crisis to get same world-renowned treatment approach as HIV/AIDS

A program that focuses on treatment as prevention will roll out Jan. 17

Olympian snowboarder Max Parrot diagnosed with Hodgkin’s lymphoma

Each year in Canada, approximately 900 people are diagnosed with Hodgkin’s lymphoma

‘Prince of Pot’ Marc Emery accused of sexual assault, harassment

Emery denied the allegations, but a Toronto woman says she is not the only one speaking out

Vancouver Island photographer makes National Geographic’s 2018 elite

Rare double honour for Marston from the 36 best Your Shots out of nearly 19,000 photos

Ex-Liberal candidate in Burnaby, B.C., says volunteer wrote controversial post

Karen Wang dropped out following online post singling out NDP Leader Jagmeet Singh’s ethnicity

Asteroids are smacking Earth twice as often as before

The team counted 29 craters that were no older than 290 million years

Canada’s arrest of Huawei exec an act of ‘backstabbing,’ Chinese ambassador says

China has called Canada’s arrest of Huawei chief financial officer Meng Wanzhou ‘politically motivated’

Manure company causing ‘toxic’ stink at Abbotsford school seeks permit

Property across from King Traditional Elementary cannot operate manure facility without permit

Vancouver city council endorses free transit for youth

Mayor Kennedy Stewart will write a support letter to TransLink

Most Read