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Should folks in Louisiana who are already strapped for cash buy a ticket for Saturday's monster Powerball jackpot? The odds say no... However, It doesn't matter if you live in Bunkie or Bossier City, Baton Rouge or Benton, everyone wants to score Saturday's $1.23 billion Powerball jackpot... One thing we know for sure is that you've got to buy a lottery ticket if you want to win!

What are the odds of winning the Powerball?

Hold on to your seat because you're not going to like this. The odds of winning the Powerball are 292,201,338 to 1... You have better odds of becoming the President of the United States and that's saying something... In case you were wondering, your odds of becoming President are 32.6 million to 1. I believe bookies call that a long shot!

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To put things in context, the bookies at Bookies.com, calculated the odds of winning the lottery versus other real-life events. Powerball is on a lot of people's minds because the jackpot is so big. Tonight's drawing is worth an estimated $1.23 billion with a cash value of $595.1 million. Trust me, it's got my attention, too!

Believe it or not, you have better odds of winning Powerball than the winning Mega Millions lottery. The odds of winning the Mega Millions jackpot are 302,575,350 to 1! Want to win both the Powerball and Mega Millions jackpot? The chances of that happening are 75.6 quadrillion to 1. I don't even know how to type that many zeros!

Here are the Odds of Winning the Powerball Jackpot Compared to Other Life Events

With all of the monster lottery jackpots we've seen over the past few years, we decided to take a look at the odds of winning. Clearly, winning the Powerball jackpot is a long shot, especially in comparison to the chances of these other real-life events happening.

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