What is the likelihood of the Cascadia Earthquake ocurring in the next 50 years and how bad will it be?

Geologists predict a 37% chance of a magnitude 8.2+ earthquake caused by subduction of the Cascadia plate in the next 38 years, and a 10% - 15% of a magnitude 9+ earthquake in the same time frame. This data is from a 2010 study. Source: https://web.archive.org/web/20100527090117/http://oregonstate.edu/ua/ncs/node/13426