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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The Ontario Lottery Corporation was created in February 1975 under the Ontario Lottery Corporation Act, 1975 (repealed in 1999 and replaced with the current Ontario Lottery and Gaming Corporation Act).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.
CHF 70.1 million was the largest jackpot in Switzerland's Swiss Lotto, won by 3 winning tickets on 17 December 2016. [81] CHF 64.6 million (US$72.8 million) was the largest winner in Switzerland's Swiss Lotto, won on 2 March 2024. [81] £35.1 million (US$49.6 million) was the largest winner on the UK Lotto game in April 2016.
In gambling terminology lottery payouts are the equivalent of RTP (Returns To Players). A lottery operator's gross margin is 100% minus RTP. In the US, large lottery winnings generally are advertised as an annuity amount, paid in 20 or more installments; in most cases, a cash option is available.
The odds of winning can also be reduced by increasing the group from which numbers are drawn. In the SuperEnalotto of Italy, players must match 6 numbers out of 90. [52] The chance of winning the jackpot is 1 in 622,614,630. [53] Most lotteries give lesser prizes for matching just some of the winning numbers, with a lesser prize for fewer matches.
At the time, it was the second-largest lottery jackpot in Canadian history, behind a $63.4 million Lotto 6/49 drawing in 2013. [ 12 ] [ 13 ] The first ever Lotto Max drawing for $60 million occurred on September 25, 2015, with a single winning ticket sold in Brampton .
The largest Super 7 jackpot, and the largest jackpot in Canadian lottery history at the time, was CA$37.8 million, on May 17, 2002. [3] The prior record for largest Canadian lottery jackpot had been a Lotto 6/49 draw for $26.4 million in 1995, and the Super 7 record was not surpassed until a Lotto 6/49 draw for CA$54.3 million in 2005. [3]
The folks at Minyanville did a comprehensive calculation and came up with the following chart. The numbers are based on a $50 a square game, with a $625 payout for the 1st and 3rd quarters, a ...