Odds to win Lottery

 

Introduction

 

As you already know, chances for you to hit the Jackpot on any lottery are pretty slim. For me personally, lottery is the least entertaining type of game of luck because it is so rare that you win anything on lottery, not to mention a Jackpot. That sucks any fun out of it. Sure, you have the chance to become a millionaire if the stars align, but you must know that chances to win lottery are sometimes 1 in 100 million, depending which lottery you play.

 

 

In this article we will go through chances to win lottery for some of the most popular lotteries around the world. We will also let you know how much do lotteries take on every ticket you buy and what are the biggest Jackpots in lottery history.

 

World's most popular Lotteries

 

Popularity of some lottery is determined by tradition, country of operation (market size) and number of millions you can win. Therefore, it's not surprising that the most popular lotteries are based in USA and European Union.

 

how to win on lottery

 

As you can see from the table above, the biggest INDIVIDUAL Jackpot win that was ever achieved is the one from Mega Millions from October 23rd, 2018. Lucky winner won just over 1.5 billion dollars. The winning ticket was sold in South Carolina, and the winning numbers were 5, 28, 62, 65 and 70, plus the MegaBall 5. The odds to win this Jackpot are 1 in 258 million.

 

In Europe, Jackpots are much more modest compared to USA. Besides El Gordo (traditional UK) lottery, none of the won Jackpots exceeded 200 Million dollars limit. But, chances to win lottery in Europe are much higher than in the USA. This depends on the lottery system, or so to say, on how many numbers are being drawn. This means that Jackpot in most European Lotteries is usually drawn more frequently than in USA.

 

Winning Pools

 

As you can see in the table above, winning pool varies from 28% to 60%. This mean that lottery earns 40% to 72% one every ticket you buy. These numbers are very discouraging for those who play especially if you compare it with sports betting, where bookmaker takes 5-10% on every bet you make.

 

Yet, most of players who play lottery constantly are either unaware of this fact or chose to ignore it due to greed for possible millions Jackpot. Here's the list of top 10 Jackpots ever won. As you can see, all of them are won in the USA.

 

JackpotLotteryDateWinning Tickets
1.USD$1.586 billion ($983.5 million)Powerball (USA)January 13th, 20163 (CA, FL, TN)
2.USD$1.537 billion ($887.8 million)Mega Millions (USA)October 23rd, 20181 (SC)
3.USD$768.4 million ($477m)PowerballMarch 27th, 20191 (WI)
4.USD$758.7 million ($480.5 million)Powerball (USA)August 23rd, 20171 (MA)
5.USD$687.8 million ($396.2 million)Mega Millions (USA)October 23rd, 20182 (IA, NY)
6.USD$656 million ($474 million)Mega Millions (USA)March 30th, 20123 (IL, KS, MD)
7.USD$648 million ($347.6 million)Powerball (USA)December 17th, 20132 (CA, GA)
8.USD$590.5 million ($370.9 million)Powerball (USA)May 18th, 20131 (FL)
9.USD$587.5 billion ($384.7 billon)Powerball (USA)November 28th, 20122 (AZ, MO)
10.USD$564.1 million ($381.1 million)Powerball (USA)February 11th, 20153 (NC, PR, TX)