Search results
Results From The WOW.Com Content Network
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
This "spiel" game (named "Tag", "Encore" or "Extra" depending on the region), adds a 6- or 7-digit number to the ticket with a top prize of $100,000 if all six digits are matched or $250,000 to $1,000,000 depending on the region for a seven-number match ($1,000,000 in Ontario and Quebec; $250,000 in the Western Canada region of Alberta ...
A lump sum option is available on the top two prizes, and is the only option if there are multiple winners. The annuity will last for the remainder of the winner's life, with a guaranteed period of 20 years (a beneficiary is chosen to receive the remainder of the 20-year minimum balance if the winner dies before the 20 years passes).
Ontario Lottery and Gaming Corporation, known for corporate branding purposes simply as OLG since 2006, is a Crown corporation owned by the Government of Ontario, Canada. OLG conducts and manages gaming on behalf of the province of Ontario, including: lottery, casinos, electronic bingo, and its internet gaming site.
In certain countries, mainly the U.S., the winner gets to choose between an annuity payment and a one-time payment. The one-time payment ( cash or lump sum ) is a "smaller" amount than the advertised (annuity) jackpot, having regard to the time value of money , even before applying any income taxes to which the prize is subject.
Mega Millions Payout Calculator. Omni. Mega Millions drawings are every Tuesday and Friday at 11 p.m. ET. Tickets are sold in 45 states, plus the District of Columbia and the U.S. Virgin Islands.
Lotto Max logo. Lotto Max is a Canadian lottery game coordinated by the Interprovincial Lottery Corporation, as one of the country's three national lottery games. Introduced on September 19, 2009, with its first draw occurring on September 25, 2009, the game replaced Lotto Super 7.
In Ontario, the add on game was called Encore. The largest possible prize for Encore (all 7 digits match) was $1 million. In Quebec, the add on game was called Extra. The largest possible prize for Extra (all 7 digits match) was $500,000. In Atlantic Canada, the add on game was called Tag.