Hannah from Failbetter
Root events: 8,351
Total events: 45,718
Total branches: 29,390
Words in events: 2,722,469
Words in branches: 711,515
Subtotal: 3,433,984 (3.4 million words)
Total qualities: 6,028
Words in qualities: 1,037,338
Grand Total: 4,471,322 (4.4 to 4.5 million words)
I think the game had around 1.5 million words 8 years ago. Can someone with a better memory confirm or correct this number? Now we have ~1 million only into qualities and variables! 
Bruno clarifies on Cohost: this includes all “dynamic” story text. If the text of a storylet updates as the player progresses, we would consider that storylet text from the player’s perspective but to the database that word count belongs to a quality.
So one million words of dynamic story text! Horay!
I can confirm the number. I read it in a review of FL at the time and thought: That’s for me! So I joined, and the prospect of 1.5 million words of storytelling was the reason. 
Text for failed checks is often almost identical, so we need to discount somewhat.
1.5 millions in Feb 2016
This is interesting to know, because I haver over whether I should make a bid deal of its size. It might be offputting to some… but then, the ones it sounds enticing to are the ones we want!
Oh, “over a million words of story” would have been a big draw for me too (I’m def more of an IF type).
It is a big deal! It’s almost 3 times as bigger as it was since I joined and let’s not forget the content gap. This means that the game grew this much in ~6 years.
That is something!
This is interesting to know, because I haver over whether I should make a bid deal of its size. It might be offputting to some… but then, the ones it sounds enticing to are the ones we want!
That review really was the decider, because I’d had the site bookmarked before that and kept skipping past it.
For many Fallen London players and probably for most people in general, they will have a poor grasp of how big a word count of 4.5 million really is. Some perspective or comparisons would be helpful. I offer this one: The three volume Lord of the Rings is only 480,000 to 580,000 words depending on the source you believe.