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With odds of winning at one in 302.6 million, if somebody is lucky enough to match all six numbers they can choose to have their winnings distributed in one of two different ways: as an annuity of ...
The Gold Ball Draw reached a 1 in 2 chance of awarding $66 million on the September 23, 2023 draw, the largest jackpot in Lotto 6/49 history. [12] The jackpot was not awarded to the Gold Ball Draw winner, meaning that the maximum jackpot of $68 million was awarded for the first time during the September 27 draw.
The Ontario Lottery Corporation was created in February 1975 under the Ontario Lottery Corporation Act, 1975 (repealed in 1999 and replaced with the current Ontario Lottery and Gaming Corporation Act). [6] Wintario was the first lottery game offered by the fledgling OLC on April 3, 1975, and the first drawing took place on May 15, 1975.
For a score of n (for example, if 3 choices match three of the 6 balls drawn, then n = 3), () describes the odds of selecting n winning numbers from the 6 winning numbers. This means that there are 6 - n losing numbers, which are chosen from the 43 losing numbers in ( 43 6 − n ) {\displaystyle {43 \choose 6-n}} ways.
Match 2 + Mega Ball: Match two numbers and the Mega Ball to win $10. The odds of winning are one in 693. Match 2: No prize. Match 1 + Mega Ball: Match one number and the Mega Ball to win $4. The ...
Sports books typically use the odds to guarantee themselves a percentage of every winning bet. So if neither team is favored, both would typically have odds of -110, meaning they'd pay $9.09 plus ...
This leaves a remaining amount of $881.51. This remaining amount in the pool is now distributed to those who wagered on Outcome 4: $881.51 / $110.00 = 8.01 ≈ $8 payout per $1 wagered. This payout includes the $1 wagered plus an additional $7 profit. Thus, the odds on Outcome 4 are 7-to-1 (or, expressed as decimal odds, 8.01).
What are my odds of winning the lottery? Playing the Mega Millions can be exciting, but just don't go spending those millions before you win. The odds of winning the jackpot are 302,575,350-to-1.