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