The New York State lottery commissioners have agreed to a change that would alter the odds of winning the Powerball lottery, FiveThirtyEight reported Wednesday.
As the article notes: “If those changes go through, the odds of winning the Powerball jackpot will go from about a 1 in 175 million chance to 1 in 292 million. Not great, right? Yes, but the chances of a Powerball win making some future player a billionaire are radically higher. Like, 7.5 times as high.”
The article goes on to say that the current odds of a jackpot getting to $1 billion are about 8.5% in a simulated five-year period. With the new, more difficult odds, there’s a 63.4% chance in that five-year period.
In other lottery news, New Jersey lawmakers have proposed legislation for a system in which those with student loan debt can enter a lottery system to have their loans forgiven — for a price.
- TIME's Top 100 Photos of 2022
- I Tested Positive for COVID-19 Right Before the Holidays. What Should I Do?
- Column: How To Create a Sense of Belonging In a Divided America
- How to Survive the Holidays if You're a Scrooge
- Life Expectancy Provides Evidence of How Far Black Americans Have Come
- The 10 Best Albums of 2022
- Iran Has a Long History of Protest and Activism
- 6 Ways to Give Better Gifts—Based on Science
