You're not mistaken: Huge lottery jackpots are more frequent these days.

More opportunities than ever exist for you to win a billion dollars thanks to the Powerball and Mega Millions lotteries.

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But that doesn't mean your chances of winning a sizable lottery prize have increased from where they were ten years ago.

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Humans simply don't perceive risk very well at all, especially when it comes to extremely rare events.

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The following information will help you understand how lotteries operate and why they advertise mega-jackpots.

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The size of jackpots is increasing as interest rates rise.

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The regulations have changed: Mega Millions and Powerball have thrown off an old agreement that limited each of them to specific regions of the nation.

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People struggle with probability calculations.

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Large prizes change the demography of the lottery.

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