The Powerball jackpot has risen to $1.5 billion dollars. It's never been that high.
The odds of winning the Powerball jackpot are about zero. If you buy a ticket, the odds increase only slightly, to 1 in 292,201,338. If you buy two tickets, your chance of winning increases to 2 in 292,201,338. Yeah, that’s twice the chance, but still pretty close to zero. And you’re out $4. Look at it this way: this particular lottery has already gone through 18 drawings, and no one has hit all the numbers any of those times.
The astronomical odds can be confusing. To get an idea of how the lottery works, you can try the Powerball Simulator. In a flash, it played six months of Powerball for me, wherein I paid $112 for tickets and won $12. Yay. You can keep playing if you like. The simulator doesn't cost anything.
But what if you win?
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