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Before the June 2004 increase in ticket prices from $1 to $2, the largest Lotto 6/49 jackpot was $26.4 million, on September 2, 1995. [7]Prior to the September 2022 change in format, the largest Lotto 6/49 jackpot was drawn on October 17, 2015 for $64 million.
The bonds are entered in a monthly prize draw and the government promises to buy them back, on request, for their original price. The government pays interest into the bond fund (4.15% per annum in December 2024 but decreasing to 4% in January 2025) [ 1 ] from which a monthly lottery distributes tax-free prizes to bondholders whose numbers are ...
For example, the prize can be a fixed amount of cash or goods. In this format, there is risk to the organizer if insufficient tickets are sold. More commonly, the prize fund will be a fixed percentage of the receipts. A popular form of this is the "50–50" draw, where the organizers promise that the prize will be 50% of the revenue.
What an American would call a "sweepstakes" — a random prize draw promoting a commercial product — is likely to be labelled as a "prize draw" or "competition" in the UK. [10] In the UK, prize competitions and prize draws are free of statutory control under the Gambling Act 2005, [11] but should follow the CAP Code.
The lists do not include "4+1" games, such as Florida's Lucky Money, where all five numbers must be matched to win the top prize, but are drawn from two number fields(A similar game, Montana's "Big Sky Bonus", is actually a "four-number" game; the double matrix is 4/31 + 1/16(previously was 4/28 + 1/17). Matching all four "regular" numbers wins ...
The largest prize won by a single ticket was $44,066,667, in the Powerball draw of 9 November 2016 (draw 1593). The winning ticket was sold at Dairy Flat Food Mart in Auckland. The prize was made up of $44,000,000 in Powerball and $66,667 in Lotto. Most tickets sold
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The weekly draw is held on Fridays at 12:30 in the General Post Office, Dublin. Prizes range from €75 to a jackpot of €50,000 except for the last draw of each month, when the jackpot is €500,000. As of 2023, the prize fund will almost treble in size to c. €48m and the size of the fund is now almost €4.7 billion [4]