We report on the newly increased event rates due to the recent discovery of the highly relativistic binary pulsar J07373039. Using a rigorous statistical method, we present the calculations reported by Burgay et al., which produce a coalescence rate for Galactic double neutron star (DNS) systems that is higher by a factor of 6–7 compared to estimates made prior to the new discovery. Our method takes into account known pulsar survey selection effects and biases due to small-number statistics. This rate increase has dramatic implications for gravitational wave detectors. For the initial Laser Interferometer Gravitational-Wave Observatory (LIGO) detec-tors, the most probable detection rates for DNS in-spirals are one event per 5–250 yr; at 95 ...