But buying the winning ticket is a long shot. But there is a simple way of raising the chances of winning: join a pool. That’s exactly what 1200 people did in Plainview, Long Island last August when the Powerball jackpot reached $1.5B. Lottery pools have been very popular in Long Island since 2011, when a group of Costco employees won a $200 million Powerball jackpot. Still, you shouldn’t lose focus on the crude reality: the odds of winning the Powerball jackpot, by participating in a pool are higher, but remain extremely low.

Source: Forbes November 26, 2016 14:35 UTC