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TattsLotto is a weekly lottery game played on Saturday nights in Australia, known as Saturday Lotto in New South Wales, South Australia and Western Australia, and Gold Lotto in Queensland. It was the first European-format "lotto" style lottery in Australia.
Lottery mathematics is used to calculate probabilities of winning or losing a lottery game. It is based primarily on combinatorics, particularly the twelvefold way and combinations without replacement. It can also be used to analyze coincidences that happen in lottery drawings, such as repeated numbers appearing across different draws. [1
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.
The first Tattslotto draw, with the first prize of A$50,000, was on 24 June 1972, televised on HSV-7 Melbourne. Tattslotto, which was the first of its type in Australia, was originally based on the European style 6-from-49 lotteries, where six numbers are selected from 40 in a standard game.
Lottery payouts are the way lottery winnings are distributed. Typically, lotteries pay out around 50–70% of stakes (turnover) back to players. The remainder is then kept for administration costs and charitable donations or tax revenues. In gambling terminology lottery payouts are the equivalent of RTP (Returns To Players).
A lottery is a form of gambling which involves selling numbered tickets and giving prizes to the holders of numbers drawn at random. Lotteries are outlawed by some governments, while others endorse it to the extent of organizing their own national (state) lottery.
Using a five horse box trifecta, the bettor may wish to lay only $20 on the outcome. Their percentage of winnings is now calculated as $20/$60 = 33.3%. If the bet is successful, the payout will be 33.3% of the winning amount for a full unit bet. In recent times the "Roving Banker" variant for Trifecta and First4 betting is now offered. For a ...
Winning larger prizes results in a larger shift in favour of the Conservative Party. [31] People's Postcode Lottery is a subscription lottery in the UK. [32] The format was introduced by Dutch company Novamedia BV: [33] players pay at minimum £10 monthly to play, and winning postcodes are announced daily. [34]