Many of us are experiencing lotto fever with some of the biggest jackpots available ever but don’t get too excited about actually winning any of the hefty dough.
So, what are your chances of cashing in?
U-W Madison Professor Laura Albert says they’re not good.
“You have about one chance in 302 million. The odds are not that great.”
Especially in times when the jackpot creeps up to record amounts, many folks join lottery pools or go out on their own buying Mega Millions or Powerball tickets.
Unfortunately the odds of winning don’t increase with a higher jackpot.
“But some people get excited because it’s a social event. It’s a form of entertainment when the jackpot gets this high and so you get a little bit more entertainment value,” said Albert.
If you’re not sure whether to get computer generated tickets or pick your own numbers, technically it doesn’t matter.
“Every ticket has the same probability of winning. A lot of people just choose to get the automatically generated numbers when they go to the store, especially when the jackpot gets to be really big,” Albert said.
To hear the full interview, click on the player above.