Yes, I believe the odds of hitting the Mega Million jackpot are realistic. It needs to be considered if the player is thinking of the odds in terms of a ticket or in terms of dollars invested. Either way, it is a simple mathematical formula that determines the odds which takes into account the entire pool (of tickets and dollars) to calculate those long odds.
Yes, Mega Millions has some very low odds of winning the jackpot. But eventually someone has to win the grand prize. Maybe its not a good idea to even think about this odds. Odds or no odds eventually someone is going to hit the grand prize, but you can't win if you don't play. So, why not take the chance, it could be worth it in the end.
We all dream of dropping a dollar at our local convenience store, grabbing a lotto quick pick and becoming the next multi-millionaire. What we fail to remember is the odds of that dollar turning into millions of dollars is next to zero. The odds of being struck by lightning on a clear sky day are greater than the odds of winning the Mega Million lotto.
It is unlikely that you will win the jack pot with the Mega Millions because of how many people purchase lottery tickets. The odds in 2013 were 1 in 259 million, and they only get worse as the years go by. The lottery pay out may get larger each year, but so does the likelihood of losing.