Why you probably won’t win the big lottery

The chances of winning the mind-boggling US$1.5 billion American Powerball jackpot were 292,201,338 to one. PHOTO: AFP
New: Gift this subscriber-only story to your friends and family

Most people dream about winning the big lottery prize but chances are, you are not going to win anything. For instance, the chances of winning the recent mind-boggling US$1.5 billion (S$2.1 billion) American Powerball jackpot were 292,201,338 to one.

If your goal is making money – as opposed to having fun – it’s hard to make a worse bet. Yet 45 US state governments would very much like you to believe otherwise.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.