Powerball vs. Mega Millions: Which lottery has better odds of winning?
When comparing the odds of winning between Powerball and Mega Millions, it's important to understand the probabilities associated with each game.
Powerball: The odds of winning the Powerball jackpot are approximately 1 in 292.2 million.
Mega Millions: The odds of winning the Mega Millions jackpot are slightly longer, at about 1 in 302.6 million.
Powerball: The overall odds of winning any prize in Powerball are 1 in 24.87.
In this case, Mega Millions provides slightly better odds of winning any prize compared to Powerball.
Starting in April 2025, Mega Millions will increase its ticket price from $2 to $5, with promises of bigger prizes and better odds. Specific details on the new odds have not been fully disclosed yet.
Currently, Powerball offers slightly better odds of winning the jackpot, while Mega Millions provides marginally better chances of winning any prize.
However, with the upcoming changes to Mega Millions, these odds may shift. It's essential to stay updated with the latest information to make informed decisions when participating in these lotteries.