We altered the count down to 2 prizes, which changed the odds from 1 in 411,230 to 1 in 4,934,755. The overall odds stayed the same but the lottery is keeping an extra $1,230,000 in profit instead of paying it to players.Let me show you one last example that brings both our points together. Did you go for that flashy new game or was a certain ticket calling your name?However you picked it, chances are you wasted your money. But on the other hand, these changes resulted in better lottery odds for second tier prizes. Please refer to Resource Center. However, in our revised numbers, the prize pool dropped $1,230,000 to a total prize pool of $32,847,430, which is now only a payout of 66.58%. But with odds of 1:1000 for just a $500 jackpot – you may as well be playing a slot machine. If you're in it to win Powerball or one of the other huge jackpots out there, the table below compares the jackpot odds in some of the most popular lotteries from around the world.For example, your chances of winning the jackpot in New York Lotto, where you choose 6 numbers from a 1-59 guess range (1 in 45,057,474 odds) are better than if you were In comparison, when you play the US Powerball you choose 5 numbers from a guess range of 1-69 and an additional Powerball from a guess range of 1-16, giving you a 1 in 292,201,338 chance of winning the jackpot. ", they usually are referring to the overall game odds. In second place we have Austrian Lotto, another popular choice due to its low price, good any-prize and jackpot odds (the same as the Irish Lotto was before the 2015 changes), and added bonus game. The real "best odds of winning" will vary by the player and their own strategy. This is the biggest guess range of any lottery on our website. If an additional number, such as a powerball, is also drawn, it is even harder to win prizes. The amount of funds disbursed by the education department, under the state budget process, is based upon the estimated Lottery earnings at the time of budget passage. To make this super easy, use my tool to help you Have you seen this fantastic ‘Odds Busting’ Lottery which will be launching VERY soon :-))Seen it, but wasn’t impressed. Not just the catchy names or ticket price either.Each scratcher has its own odds of winning. Your very own NY Lottery scratch off tickets vary from one game to the next. These are the printed odds on the back of instant scratch games. For our example, I’ve pulled an actual prize chart from a state lottery website.As we can see, there are 12 different prize levels with a total of 2,395,512 prizes available. What if the jackpot was 10 times harder to win than the other game which only paid out 50%?You can’t buy tickets online from lottery companies around the world – so you’d have to use a 3rd party service to do that. help About. “Winning” the price of the ticket back gives the illusion of winning and keep players coming back but it's really just breaking even.Let’s take a look at our same example from above and recalculate the odds of winning a prize more than the ticket price. These are the the odds of winning any prize, including prizes that are equal to the price of the ticket.
These are the printed odds on the back of instant scratch games. However, let’s check out our prize odds. Which is why the pick 3 prizes are much smaller. The odds of winning the Take 5 first prize jackpot in New York are one in 575,757.
Let’s divide the same ticket count by the new prize count. Understanding the game’s jackpot odds and the overall lottery odds is very important but shouldn’t stop you if you feel like playing. Surprisingly the answer depends on you.