What Are Your Chances of Winning the Lottery?
December 24, 2009
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Have you ever seen one of those lottery commercials where the winners are so happy they start dancing? Have you ever wondered how you could win? Well, the only way to win is to play, but have you ever thought about your odds of winning the lottery?
MoneySense.ca recently published a list of the odds of winning a lottery.
As you can see, on average, you have at least a 1 in 1 million chance of winning the lottery. Interesting enough, you have a 1 in 500,000 chance of being stuck by lightining, a 1 in 50,000 chance of becoming a professional athlete, a 1 in 700,000 chance of being killed by a meteorite, and a 1 in 118,351 chance of dying due to a medical complication.
So the next time you see a lottery commercial and want to join in the fun, just remember, when was the last time you heard of someone being killed by a meteorite.
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Adam Goodman is the author of Following The Goods Financial Management for the Young and Ambitious. Throughout his life, Adam never took ownership of his financial knowledge and no one ever sat down with him to explain what it meant to plan for his financial future. Luckily, while at business school, Adam finally learned how to be smart about financial management and he is here to share what he has learned along his journey with you.
Adam's past experience includes owning and operating his own consulting firm, as well as working as a Consultant with Deloitte & Touche. Adam is currently in a sales and marketing role in the telecom industry.
