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In the realm of “good problems to have,” it’s hard to top having to decide how you want your lottery winnings to be paid out. Visions of that possibility are dancing in the heads of millions ...
Depending on the game, a minimum of either two or three numbers(not counting a "bonus ball") must be matched for a winning ticket(A 2/5 match usually results in a free play for that game, or a "break-even" win; for the latter, the player wins back their stake on that particular five-number wager.).
For $2, players try to match five white balls (1-60) and the Cash Ball (1-4) to win the top prize $1,000 a day for life. If you match only the five white balls you win the second prize of $1,000 a ...
The Numbers Game is played twice daily. It draws 4 1-digit numbers, bets can be made on a 1-digit and/or 2-digit number. 3-digit numbers are "first 3" or "last 3," as a 3-digit number is not drawn separately. Minimum wagers are 25 cents on a 3-digit or 4-digit number, and 50 cents on a 2-digit number or 1-digit.
Accompanying the lottery is the betting game, an illegal form of lottery among the people, which uses the results of the jackpot of the legal traditional lottery as the prize-winning results. In Hanoi, the "agent" system of the betting game has developed along with traditional lottery stores and iced tea stalls, operating quite openly. [ 46 ]
As the payout percentage in Lotto is a statutory 40%, sales of the game have been in a years-long decline, especially since the addition of Mega Millions(in 2002) and Powerball(in 2010) to the Lottery's portfolio, and the expansion of Cash4Life to nightly drawings; of these three only Mega Millions is not drawn the same nights as Lotto.
Payout Straight: The player chooses any three digits. If the three digits, and their order, match the winning number drawn, the player wins. 500 to 1 Boxed: If the three digits, regardless of their order, match the winning number, the player wins. 80 to 1 The payout differs if a winning boxed number includes two of the same digit. 160 to 1 ...
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.