A List of Things More Likely Than You Winning Tonight's $540 Million Lotto Jackpot

Illustration for article titled A List of Things More Likely Than You Winning Tonights $540 Million Lotto Jackpot

The MegaMillions jackpot was just raised to $540 million, and a $380 million lump-sum cash payout. That's a big enough score that buying a ticket actually makes economic sense, even at 175.7 million to one odds. Crazy!

But before you get your hopes up, here's a list of things more likely to happen than your 175,000,000-to-1 numbers play.

New York Mets Win the World Series 100-to-1

Chainsaw Injury: 4,464-to-1

Fireworks Injury: 19,556-to-1

Date a Supermodel: 88,000-to-1

Struck by Lightning 576,000-to-1

Suffocate in Bed 2,000,000-to-1

Killed by Lightning 2,320,000-to-1

Killed Using a Right-Handed Product (If You're Left-Handed) 7,000,000-to-1

Killed by the Escape of Radiation From a Nearby Nuclear Power Station 10,000,000-to-1

Dying in a Plane Crash 11,000,000-to-1

So there you have it. You go ahead and spend your rent money on MegaMillions tickets. I'm going to go out and chat up every supermodel in town. Simple math.

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DISCUSSION

nicholasritch
Nicholas Ritch

$540 million is based on 26 year annuity, $390 million is the total for lump sum payment. There is a 25% federal tax on Lottery winnings and I live in Oregon which has 8% state tax on lottery winnings making the one time payout close to $260 million if taking a lump sum payment or 26 annuity payments of close to 14 million. Still nothing to sneeze at much less than the big number on the board.

I wonder what I would choose, the annual payments pretty much guarantee I wont be broke any time soon, but if I die before it all gets paid my family is only stuck with the money I hadn't spent of the payments received before my demise. If I get the lump sum I may blow it all very quickly and irresponsibly but if I die before I can spend it all, my family gets everything that's left.