That's not precisely accurate. The cascadian subductions zone uas produced magnitude 9 quakes in the past.
The results I've seen (from a decade and a half ago) pegged the probability of a magnitude > 9 in the next 50 years at 1/10 and a magnitude > 8 at 1/3.
The 500 years average is if you look at the last 7 events. 7 is a horribly low sample size and if you extend the timescale, that average drops by half and indicates we are past the 250 year average.
More precisely, it's 8, the average is 500 years, and the last one was in 1700.