One lucky New Yorker is about to get a lot richer. Maybe. After no winnings were claimed on Sunday's Powerball, the jackpot on the New York State lottery ticket increased to $500 million. That's a lot of money, even in New York real estate terms.

While sprinting to your closest bodega to buy a ticket may seem like the obvious option, think about the odds before you spend that $2 on a most-likely worthless piece of paper.

According to Powerball, the odds of winning a grand prize over $1 million are 1 in 175,223,510.00. To reiterate, one person out of every 175 million may possibly win.

Here are a few things that are more likely...

 

Odds of getting bit by a shark:

1 in 11.5 million

Odds of being elected president of the United States:

1 in 10 million

Odds of winning an Oscar:

1 in 7 million

Odds of finding a pearl in an oyster:

1 in 12,000

Odds of getting struck by lightning:

1 in 3,000

Odds of being born with an extra finger or toe:

1 in 500

Odds of being audited by the IRS:

1 in 104